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571-575 Martin Luther King Jr Dr 11,400 SF 100% Leased Retail Building Jersey City, NJ 07304 $9,621,291 CAD ($843.97 CAD/SF)
Executive Summary
**Prime Commercial Investment Opportunity – Jersey City**
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 features **multiple retail storefronts** with a diverse tenant mix and is currently **fully leased**, providing stable cash flow for investors.
Positioned in a high-visibility location with strong neighborhood traffic, the property is surrounded by established businesses including **KFC, a fish market, beauty supply stores, and other local retailers**.
As Jersey City continues to grow and transform, this asset offers an attractive opportunity for investors seeking **stable income, long-term appreciation, and future upside potential**.
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 features **multiple retail storefronts** with a diverse tenant mix and is currently **fully leased**, providing stable cash flow for investors.
Positioned in a high-visibility location with strong neighborhood traffic, the property is surrounded by established businesses including **KFC, a fish market, beauty supply stores, and other local retailers**.
As Jersey City continues to grow and transform, this asset offers an attractive opportunity for investors seeking **stable income, long-term appreciation, and future upside potential**.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$364,270
|
$31.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$364,270
|
$31.95
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $364,270 |
| Annual Per SF | $31.95 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $364,270 |
| Annual Per SF | $31.95 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,400 SF
Building Class
C
Year Built
1966
Price
$9,621,291 CAD
Price Per SF
$843.97 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.64
Lot Size
0.41 AC
Zoning
commercial - Retail
Amenities
- Signage
- Air Conditioning
- Smoke Detector
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-17901-0000-00001 | Improvements Assessment | $2,285,089 CAD |
| Land Assessment | $1,015,870 CAD | Total Assessment | $3,300,960 CAD |
Property Taxes
Parcel Number
06-17901-0000-00001
Land Assessment
$1,015,870 CAD
Improvements Assessment
$2,285,089 CAD
Total Assessment
$3,300,960 CAD
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571-575 Martin Luther King Jr Dr
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