Commercial Land for Sale in Jersey City, New Jersey
241 Martin Luther King Jr Dr, Jersey City, NJ 07305
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.
Location
- Street address
- 241 Martin Luther King Jr Dr
- County
- Hudson County
- Elevation
- 90 feet
Property details
- Lot size
- 0.098 acres4,269 sq ft
- Zoning
- Neighborhood mixed use
- MLS #
- HCMLS 250024050
- Posted
Parcels
- 0906_23404_30
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 25, 2025 | New listing | $1,170,000 | — | HCMLS |