Retail Space - For Sale
264 Martin Luther King Drive Jersey City, NJ 07305
Details & Description
Price: $495,000
  • Property Type Retail : Food Service
  • Lot Size Acres 0.100
  • Building Sq Ft 3,500
  • Building Price per Sq Ft $141.43
  • Land Sq Ft 4,356
  • Land Price per Sq Ft $113.64
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.
Listing Agents
Juan Rodriguez
Liberty Realty
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.

264 Martin Luther King Drive

Jersey City, NJ 07305

Listing ID: 261805
$495,000
For Sale
  • Property Type Retail : Food Service
  • Lot Size Acres 0.100
  • Building Sq Ft 3,500
  • Building Price per Sq Ft $141.43
  • Land Sq Ft 4,356
  • Land Price per Sq Ft $113.64
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.

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

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.

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