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3231 State Rte, Unit 27 Franklin Park, NJ

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For Sale
$3,230,769

Cannabis dispensary on 1.48 acres in dense market.

Lot size:
1.57 Acres

Property Features for 3231 State Rte

General Information

Lot size
1.57 Acres

Source: Pierson Commercial Real Estate Agent Anayah Goswami

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Cannabis Dispensary on 1.48 Acres

This property features a +/- 3,500 SF cannabis dispensary situated on +/- 1.48 acres. The location benefits from a dense market, with a daytime population of approximately 97,800 and a residential population of approximately 117,000 within a 5-mile radius. The property experiences strong vehicular traffic along Route 27, with over 24,000 vehicles per day, connecting to major towns such as Princeton, New Brunswick, and Edison. Located along Route 27, a prominent retail corridor, the property benefits from strong market co-tenancy, including Wawa, Stop and Shop, CVS, and Dunkin Donuts, among other national and local retailers. The +/- 1.48-acre vacant lot has a variety of permitted uses available for purchase alongside the dispensary. Franklin Park has seen tremendous household median income growth with an 11.5% increase from $95,000 to $106,000. The cannabis market in New Jersey is rapidly expanding, offering strong tenancy.
Location Intelligence

Current Use by Public Records

Retail space

Map

City
Franklin Park
County
Middlesex
State
New Jersey
Longitude
-74.4935913
Latitude
40.3749332

FAQs

What type of property is this?
Retail space - Cannabis dispensary on 1.48 acres in dense market.
Where is this retail space located?
The property is located at 3231 State Rte, Unit 27 Franklin Park, NJ.
What is the asking price?
The asking price for this property is $3,230,769.
What are key features of this property?
This property features: - Established cannabis dispensary in a rapidly expanding New Jersey market.; - +/- 1.48-acre vacant lot with permitted uses available for purchase alongside the dispensary.; - Located on Route 27, a prominent retail corridor with strong market co-tenancy (Wawa, Stop and Shop, CVS, Dunkin Donuts).
More about this property
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