137 S Rutherford Ave, Franklin, NJ 07416
Free-standing building with multiple rooms, two bathrooms, and 28 parking spaces, zoned HC-2 for flexible uses.
- Added:
- Jun 10, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 11 at 3:52 am
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 agent KIMBERLY RUSSO
Listing office BHHS GROSS AND JANSEN REALTORS (973) 729-8727
Listing date Jun 10, 2026
Source Elliman
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 BHHS GROSS AND JANSEN REALTORS
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
- Ample on‑site parking with 28 spaces
- High‑traffic route with strong exposure and accessibility
Overview
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.
Local Financial Insights For Office B
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 | $99.8k | $30.00 |
| − Vacancy | −$31.9k | −$9.60 |
| EGI | $67.9k | $20.40 |
| − OpEx | −$17.0k | −$5.10 |
| NOI | $50.9k | $15.30 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Excel Physical Therapy — 406 NJ-23 Ste 4, Franklin, NJ 07416
Location Insight
- Map
- Local Demand
- City
- Franklin
- County
- Sussex
- State
- New Jersey
- Longitude
- -74.5806051
- Latitude
- 41.1102828
