Retail Space
264 Martin Luther King Drive Jersey City, NJ 07305
Details & Description
Price: $495,000
    Great opportunity to purchase an investment property with a grocery store with a 10 year lease on the ground floor and 2 apartments above. The property is 6 blocks away from the light rail stop at the MLK hub. The building has separate heating and hot water units for the store and each apartment.
    Property ID:    261805
    Property URL: melqr.com/261805
    Generated:    04-18-24
    Listing Agents
    Juan Rodriguez

    O: 201-222-2900
    rrodriguez@libertyrealty.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Retail Space / New Jersey / Jersey City / 07305 / 264 Martin Luther King Drive

    264 Martin Luther King Drive

    Jersey City, NJ 07305

    Listing ID: 261805
    Print Single-Page Version
    264 Martin Luther King Drive Jersey City, NJ 07305 | for Sale | Photo 1
    Building Size: 3,500 SF
    Lot Size: 0.100 AC
    Land Size: 4,356 SF
    Building $/SF: $141.43
    Land $/SF: $113.64
    Price
    $495,000
    Description

    Great opportunity to purchase an investment property with a grocery store with a 10 year lease on the ground floor and 2 apartments above. The property is 6 blocks away from the light rail stop at the MLK hub. The building has separate heating and hot water units for the store and each apartment.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Jersey City History of Retail Space for Sale

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    Jersey City Area Market Trends

    Listing Demographics for 264 Martin Luther King Drive Jersey City, NJ 07305

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population72,444288,968954,568
    Population Median Age363637
    Population by Age0-9 Yrs10523 (14%)37814 (13%)111535 (11%)
    10-19 Yrs9865 (13%)25843 (8%)78368 (8%)
    20-29 Yrs10338 (14%)46756 (16%)162557 (17%)
    30-39 Yrs10685 (14%)63662 (22%)208325 (21%)
    40-49 Yrs9533 (13%)39718 (13%)129654 (13%)
    50-59 Yrs8821 (12%)30768 (10%)102832 (10%)
    60-69 Yrs7126 (9%)24715 (8%)86054 (9%)
    70+ Yrs5554 (7%)19691 (6%)75244 (7%)
    Median HH Income$47,947$81,740$93,361
    Total Household Income< 24K6995 (27%)21366 (18%)74018 (18%)
    25-49K6066 (24%)17203 (15%)53650 (13%)
    50-74K3838 (15%)15022 (13%)46322 (11%)
    75-99K2364 (9%)11810 (10%)38500 (9%)
    100-199K4692 (18%)29681 (26%)101952 (25%)
    200K+1257 (4%)18469 (16%)90097 (22%)
    Highest Education LevelNo Diploma75152343389664
    Diploma or GED1573445217127211
    Some College79212561170092
    Assoc. Degree2982869824078
    Bachelors Degree945860996220257
    Higher Degree368145303175990
    Total Housing Units28,431124,826452,260
    --Owner-Occupied8,61934,983119,998
    --Renter-Occupied16,59278,568284,541
    Owner-Occupied Values< 100K66913954208
    100-199K86925465318
    200-299K2848719014797
    300-399K2394816618493
    400-499K1040452612651
    500K+7991116164531
    Total Working Age Population55,889235,559795,691
    In Work Force35,980161,269554,837
    Not In Work Force19,91074,290240,854
    Workforce Employed32,925152,671527,854
    Workforce Unemployed3,0528,50226,593
    Civlian Workforce35,977161,173554,447
    Military Workforce296390
    Total Households25,212113,551404,539
    Family Households17,60269,112215,442
    Non-Family Households7,60944,438189,097
    Married Couple8,69046,999154,392
    Other Family8,91222,11461,050
    Married w/Child3,70721,39266,683
    Single Male w/Child6662,1405,765
    Single Female w/Child3,8128,15622,511

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    New Jersey8,414,350+48,791,894+49,132,700+49,530,900
    Bergen County884,118+2905,116+7967,500+71,031,500
    Essex County793,633-1783,969+3808,300+3829,800
    Hudson County608,975+4634,266+12708,100+6747,400
    Union County522,541+3536,499+7573,000+6605,600
    New York18,976,457+219,378,102+420,146,131+220,604,030
    Kings County2,465,326+22,504,700+92,738,283+52,863,996
    New York County1,537,195+31,585,873+61,688,894+21,727,631
    Queens County2,229,37902,230,722+92,436,549+52,565,268
    Richmond County443,728+6468,730+3481,351+1488,119

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 264 Martin Luther King Drive in Jersey City?
    The asking price for 264 Martin Luther King Drive is $495,000
    What is the building size of this Retail property in Jersey City, NJ?
    The size of the building/unit at 264 Martin Luther King Drive in Jersey City is 3,500 square feet
    How much land does the Jersey City, NJ property at 264 Martin Luther King Drive include?
    264 Martin Luther King Drive in Jersey City includes 0.100 acres of land
    What kind of Retail is the propery at 264 Martin Luther King Drive?
    The property at 264 Martin Luther King Drive Jersey City, NJ 07305 is listed as a Food Service Retail property
    What is the population within 1 mile of 264 Martin Luther King Drive in Jersey City?
    The population within 1 mile of 264 Martin Luther King Drive Jersey City, NJ 07305 is 72,444 people.
    Who do I contact for questions about 264 Martin Luther King Drive?
    You should contact the listing agent, Juan Rodriguez, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Newark Liberty International Airport (EWR) 5
    La Guardia Airport (LGA) 12
    John F Kennedy International Airport (JFK) 17
    Price
    $495,000
    Listing Agent
    Juan Rodriguez - CRE Agent at

    Juan Rodriguez

    Liberty Realty

    VIEW AGENT PROFILE

    CONTACT AGENT

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