203-205 Martin Luther King Blvd, Jc, Greenville, NJ 07305

Property Description

INVESTOR & DEVELOPER OPPORTUNITY! Welcome to 203–205 Martin Luther King Dr, Jersey City, NJ 07305. This is an excellent opportunity for investors, builders, and developers looking for their next project in Jersey City. Situated on a large 45' x 105.7' lot, the property currently features two commercial storefronts on the first floor and two residential apartments on the second floor and requires a full renovation, offering significant potential to reimagine the existing space. The seller has plans for a proposed redevelopment featuring four residential apartments and two commercial storefronts, subject to all required municipal approvals, permits, zoning compliance, and other applicable requirements. Seller has plans for 13 apartments and a store. Variance Required Located within a redevelopment zone, this property presents an exciting opportunity for those looking to renovate, reposition, or explore future development potential. Bring your vision, contractor, and development team to unlock the possibilities! Property is being sold strictly AS-IS. Buyer is responsible for conducting all due diligence and independently verifying zoning, redevelopment regulations, proposed plans, and all required approvals with the City of Jersey City. Buyer is also responsible for verifying and obtaining all required city inspections, permits, certificates, and the Certificate of Occupancy (CO), as applicable.