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571-575 Martin Luther King Jr Dr 8,466 SF 77% Leased Retail Building Jersey City, NJ 07304 $9,404,286 CAD ($1,110.83 CAD/SF)
Executive Summary
Located along the growing Martin Luther King Jr. Drive commercial corridor, this approximately 18,000 SF fully commercial property offers strong in-place income with additional upside potential.
The property consists of multiple retail storefronts with a diverse tenant mix, providing stable cash flow for investors. One commercial space of approximately 1,950 SF is currently vacant, creating an immediate value-add opportunity for leasing or owner-user occupancy.
Positioned in a high-visibility location with strong neighborhood traffic, the property is surrounded by established businesses including KFC, fish market, beauty supply stores, and other local retailers.
Jersey City continues to experience significant growth and neighborhood transformation, making this property an attractive opportunity for investors seeking stable income with long-term appreciation potential.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$356,054
|
$42.06
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$356,054
|
$42.06
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $356,054 |
| Annual Per SF | $42.06 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $356,054 |
| Annual Per SF | $42.06 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Signage
- Air Conditioning
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This 1,950 sq. ft. retail space offers vintage charm, great visibility, and endless possibilities. Perfect for a bagel shop, deli, supermarket, restaurant, smoke shop, or specialty retail. The affordable lease is $3,500/month plus $950/month for property tax, with plenty of parking and renovation flexibility to customize your dream business. Located in a growing community, this space is ideal for new or expanding businesses. Don’t miss out—schedule a tour today!
| Space | Size | Space Use | Position | Available |
| 575 | 1,925 SF | Retail | - | Now |
575
| Size |
| 1,925 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
575
| Size | 1,925 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
This 1,950 sq. ft. retail space offers vintage charm, great visibility, and endless possibilities. Perfect for a bagel shop, deli, supermarket, restaurant, smoke shop, or specialty retail. The affordable lease is $3,500/month plus $950/month for property tax, with plenty of parking and renovation flexibility to customize your dream business. Located in a growing community, this space is ideal for new or expanding businesses. Don’t miss out—schedule a tour today!
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-17901-0000-00001 | Improvements Assessment | $2,260,036 CAD |
| Land Assessment | $1,004,732 CAD | Total Assessment | $3,264,768 CAD |
Property Taxes
Presented by
571-575 Martin Luther King Jr Dr
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