286 Martin Luther King Jr Dr

Description

Introducing a solid investment opportunity: a three-story mixed-use building featuring one commercial storefront and two spacious residential apartments. Ideally located just blocks from the MLK Drive Light Rail station and a bustling shopping plaza, this property offers exceptional visibility and convenience. This street has several new construction units popping up, adding value to the area. The ground-floor commercial space spans approximately 2,000 sq. ft. and features high ceilings, an existing half bath, and access to basement storage—perfect for a variety of retail or service-based businesses, no restrictions. The second and third floors each host a well-designed 3-bedroom residential apartment, offering large eat-in kitchens, generous living/dining areas, and one full bath. Each unit is separately metered for gas and electric, with individual baseboard heat and hot water systems. Tenants pay their own PSEG utilities, while the landlord covers water and sewer expenses. Low-income rent restrictions on the residential units remain in place until May 20th, 2029. With easy access to transit, dining, shopping, schools, and parks, this property blends convenience, versatility, and long-term potential—an excellent addition to any investment portfolio. Furniture is virtually staged.