Freestanding Versatile Commercial
137 S Rutherford Ave Franklin, NJ 07416
For Sale
$630,000
Free-standing building with multiple rooms, two bathrooms, and 28 parking spaces, zoned HC-2 for flexible uses.
Property Size3,328 SF
Price / SF$189.30
Days on Market49
Property Features for 137 S Rutherford Ave
General Information
Standard status
Active
Size
3,328 SF
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
Berkshire Hathaway HomeServices Gross & Jansen REALTORS ®
(973) 729-8727
Listed By:
KIMBERLY RUSSO
Source:
Elliman
Added: Jun 10
Changed: Jul 10
Last Checked: Jul 28 at 4:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Gross & Jansen REALTORS ®
Investment Insights
Based on property information with market context.
This freestanding commercial building offers 3,328 SF of versatile interior space that was previously used as a hair salon. The layout includes several separate rooms and two bathrooms, supporting a range of service and office configurations. An on-site parking area with 28 spaces helps accommodate both employees and customers.
Located at 137 S Rutherford Ave in Franklin, NJ, the property is positioned for visibility and accessibility along a high-traffic route. Walkability is rated low (walkScore 18, car-dependent), while biking is somewhat supported (bikeScore 8), indicating the property is best suited for drivers and vehicles.
Zoned HC-2, the property allows a broad mix of uses, including retail, daycare, salon or spa services, pet care, and professional offices, among other possibilities. With its private-room layout, two bathrooms, and ample parking, the building may fit businesses that need dedicated spaces for consultations, services, or client traffic while benefiting from a flexible healthcare/general commercial zoning environment.
Located at 137 S Rutherford Ave in Franklin, NJ, the property is positioned for visibility and accessibility along a high-traffic route. Walkability is rated low (walkScore 18, car-dependent), while biking is somewhat supported (bikeScore 8), indicating the property is best suited for drivers and vehicles.
Zoned HC-2, the property allows a broad mix of uses, including retail, daycare, salon or spa services, pet care, and professional offices, among other possibilities. With its private-room layout, two bathrooms, and ample parking, the building may fit businesses that need dedicated spaces for consultations, services, or client traffic while benefiting from a flexible healthcare/general commercial zoning environment.
Key Highlights
- Free‑standing commercial building with 3,328 SF of versatile interior space
- Previously used as a hair salon with multiple separate rooms and two bathrooms
- Zoned HC‑2, allowing a wide variety of uses including retail, daycare, salon/spa, pet care, and professional offices
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.9k | $21.60 |
| − Vacancy | −$4.0k | −$1.21 |
| EGI | $67.9k | $20.39 |
| − OpEx | −$20.4k | −$6.12 |
| NOI | $47.5k | $14.27 |
3,328 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$678.6K
$593.8K – $791.7K
NOI $47,501 @ 7.0% cap · market cap 7.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$869.0K
$760.4K – $1.01M
NOI $60,831 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Compassionate Healing Center — 51 NJ-23, Franklin, NJ 07416
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Free-standing building with multiple rooms, two bathrooms, and 28 parking spaces, zoned HC-2 for flexible uses.
Where is this spa & wellness property located?
The property is located at 137 S Rutherford Ave Franklin, NJ.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: Free‑standing commercial building with 3,328 SF of versatile interior space; Previously used as a hair salon with multiple separate rooms and two bathrooms; Zoned HC‑2, allowing a wide variety of uses including retail, daycare, salon/spa, pet care, and professional offices
