241 MARTIN LUTHER KING JR DR, Jersey City, NJ 07305

Local realty services provided by:Better Homes and Gardens Real Estate Elite
241 MARTIN LUTHER KING JR DR,Jc, Greenville, NJ 07305
$1,170,000
  • 0 Acres
  • Lots / Land
  • Active
Listed by: natalie esfandiari
Office: weichert realtors
MLS#:250024050
Source:NJ_HCMLS

Price summary

  • Price:$1,170,000

About this home

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.

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Home facts

  • Listing ID #:250024050
  • Added:44 day(s) ago
  • Updated:January 09, 2026 at 05:04 PM

Finances and disclosures

  • Price:$1,170,000
  • Tax amount:$21,203
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