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241 Martin Luther King Jr Dr

Jersey City, Greenville, NJ 07305
  • $1,170,000
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 260001945
UPDATED: 14 min ago
$1,170,000
  • 0
    BEDS
  • N/A
    ACRES
  • 32
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

Prime shovel-ready development opportunity in the heart of Jersey City’s Jackson Hill Redevelopment Zone. Fully approved 5-story project featuring 18 residential units + 1 ground-floor commercial space, offered at $1,170,000. Architectural plans and city approvals are complete, saving the next developer years of time and cost. The approved design includes a mix of spacious 1-bed and 2-bed layouts, private outdoor patios, open courtyards, bike storage, and modern building systems with NFPA-13R sprinklers. Excellent frontage along MLK Drive with strong visibility for the commercial component. No variances required, all city engineering comments addressed, and the site is ready for immediate construction. Perfect for a builder or investor seeking a turnkey urban infill project in a rapidly developing corridor.

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© 2026 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or PRIME Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than PRIME Real Estate Group are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2026-02-18T00:25:33.71.
www.bestofhobokenhomes.com/homes/172748479
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241 Martin Luther King Jr Dr Jersey City, Greenville, NJ 07305

  • Price: $1,170,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 14 min ago
  • MLS #: 260001945
0
Beds
32
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Jersey City, Greenville
County:
Hudson
Area:
Jersey City, Greenville
Property Description
Prime shovel-ready development opportunity in the heart of Jersey City’s Jackson Hill Redevelopment Zone. Fully approved 5-story project featuring 18 residential units + 1 ground-floor commercial space, offered at $1,170,000. Architectural plans and city approvals are complete, saving the next developer years of time and cost. The approved design includes a mix of spacious 1-bed and 2-bed layouts, private outdoor patios, open courtyards, bike storage, and modern building systems with NFPA-13R sprinklers. Excellent frontage along MLK Drive with strong visibility for the commercial component. No variances required, all city engineering comments addressed, and the site is ready for immediate construction. Perfect for a builder or investor seeking a turnkey urban infill project in a rapidly developing corridor.
Exterior Features

Construction 5-A Lot Size 4119 Number Parking Spaces 0 Stories 5

Interior Features

One Bedrooms 5 Sprinklers Wet Two Bedrooms 13

Property Features

Amps 400 Commercial Type Investment Elevators Yes Flood None Free Standing No Fuel Gas Gross Income 599076 Handicap Access Yes Internet Yes Lead Paint Form Yes Mixed Use Yes Phase 3 Phase Studios 1 Volts 120/208

Listing provided courtesy of WEICHERT REALTORS:201-333-4443.


© 2026 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or PRIME Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than PRIME Real Estate Group are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2026-02-18T00:25:33.71.
 
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PRIME Real Estate Group
98 Park Avenue
Hoboken NJ, 07030