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$1,170,000

  • For Sale
  • Active
  • Commercial
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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.

Full Property Details for 241 Martin Luther King Jr Dr

General

  • Price: $1,170,000
  • Status: Active
  • Type: Commercial
  • Source: Liberty_Board_Hudson_County_Hudson_MLS
  • MLS ID: 250024047
  • Updated: 11/25/2025
  • Added to Site: 55 day(s) ago

Location

  • County: Hudson
  • Location Details: Bayview ave & Wilkinson

Structural Information

  • Construction: 5-A
  • Stories in Building: 5
  • # of Stores: 5

Lot Features

  • Lot Size: 4119
  • Lot Dimensions: 4119
  • Lot Description: 30

Financial Considerations

  • For Sale/Rent/Lease: For Sale

Disclosures and Reports

  • Lead Paint Discl.: Yes

Listed by Weichert Realtors (201) 333-4443

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Listing agent

— 241 Martin Luther King Jr Dr —

  • Weichert Realtors

    201-333-4443

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 241 Martin Luther King Jr Dr

School District:Jersey City School District
NameGradesDistance
Gladys Nunery School
123 Claremont Avenue, Jersey City, NJ 07305
PK-50.2 mi
Center For The Arts
59 Wilkinson Avenue, Jersey City, NJ 07305
PK-50.3 mi
Henry Snyder High School
239 Bergen Avenue, Jersey City, NJ 07305
9-120.2 mi
Lincoln High School
60 Crescent Avenue, Jersey City, NJ 07304
9-121 mi
James J. Ferris High School
35 Colgate Street, Jersey City, NJ 07302
9-121.8 mi
William L. Dickinson High School
2 Palisade Avenue, Jersey City, NJ 07306
9-122.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 241 Martin Luther King Jr Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/25/2025
Listed
$1,170,000
112.73%
MLS
6/18/2021
Sold
$550,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 241 Martin Luther King Jr Dr

Year
Property Taxes
Change
Tax Assessment
Change
2024
$21,071
1124%
$943,600
—
2022
$1,722
32%
$943,600
1061%
2021
$1,304
32%
$81,300
—
2021
$986
-21%
$81,300
—
2019
$1,252
92%
$81,300
86%
2018
$652
-81%
$43,800
—
2017
$3,416
1%
$43,800
—
2016
$3,373
3%
$43,800
—
2015
$3,277
—
$43,800
—
2013
$3,270
—
$43,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Weichert Realtors (201) 333-4443

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241 Martin Luther King Jr Dr, Jersey City, NJ 07305 (MLS# 250024047) is a Commercial property. 241 Martin Luther King Jr Dr is currently listed for $1,170,000 and was received on November 25, 2025. Want to learn more about 241 Martin Luther King Jr Dr? Do you have questions about finding other Commercial real estate for sale in Greenville? You can browse all Greenville real estate or contact a Coldwell Banker agent to request more information.

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