69 State Route 23 - Freestanding FOR SALE


Franklin, NJ 07416
$495,500 USD
69 State Route 23, Franklin, NJ for Sale
$495,500 USD
Freestanding - FOR SALE
1/4
null | Request Cap Rate

Jun '25


69 State Route 23
Franklin, NJ 07416


HIGHLIGHTS

  • High traffic artery
  • Close to shopping
  • Lots of use choice

OVERVIEW

Retail plus three residential spaces. Prime mixed use with exceptional visibility on Route 23 at the southern end of the Franklin highway commercial zone. There is parking for the retail space in front and a large private lot in the rear for residential tenants or overflow for the retail space. Two 2 bed and one 1 bed residential apartments along with the storefront are all occupied with month to month tenants ensuring a day 1 income stream. A large attic provides tons of storage space. The 2 bed units upstairs have gas stoves and the boiler is oil fired but natural gas is readily available for conversion. The Franklin Shopping Center is right across the street. New siding and a new boiler make for low maintenance enabling a buyer to live and work from one property or open a business with overhead costs paid for by your residential tenants. An exceptional opportunity for business owners, investors, or someone looking for a live and work at one location arrangement. The possibilities are plentiful with this property ready for ownership takeover.

FOR SALE DETAILS

PRICE

$495,500 USD

PRICE/SF

$130 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,661 SF

ZONING

HC-3

APN/PARCEL ID

06-02401-0000-00009

ASK ABOUT THIS PROPERTY

Robert BurrREALTY EXECUTIVES - Exceptional RealtorsMore Info

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Robert BurrREALTY EXECUTIVES - Exceptional RealtorsMore Info

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