3231 State Route 27, Franklin Park, NJ 08823

Spaces For Lease

at 3231 State Route 27

3231 State Route 27 AVAILABLE, Now

Floor Bldg

Size 3,500 SF

Type RETAIL

Rate Contact for pricing

Sublease No

- +/- 3,500 SF cannabis dispensary on +/- 1.48 acres - Located within a dense market with a daytime and residential population of approximately 97,800 and 117,000 respectively within 5 miles - Strong vehicular traffic along Route 27 with over 24,000 vehicles per day connecting to major towns Princeton, New Brunswick and Edison amongst others - Located along Route 27, a prominent retail corridor with strong market co-tenancy including Wawa, Stop and Shop, CVS and Dunkin Donuts amongst other national and local retailers - +/- 1.48-acre vacant lot with 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 - Strong tenancy with the cannabis market in New Jersey rapidly expanding, with recreational sales reaching $201 million in Q1 2024 - a 38% increase from 2023

Contact us

Listing Agency: Pierson Commercial Real Estate Show Phone

Listed By: Anayah Goswami

Source: Moodyscre

Added: Nov 25, 2025 Changed: Nov 9 Last Checked: Nov 10 at 10:41AM

Report an Issue

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 Pierson Commercial Real Estate

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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).

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Real Estate Agency Auto Repair Shop Big Box & Wholesale Store Law Firm Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

191

Businesses Nearby

Explore this area Business Placement

Demographics for 08823, NJ

9,282

Population

3,445

Households

2.7

Avg Household Size

40

Median Age

58%

College-Educated

92%

High-School Grad

3.5 sq mi

ZIP Area

2,652

Density / Sq Mi

$109,182

Median Household Income

$54,995

Median Earnings

$2,242

Median Rent

$279,400

Median Home Value

Market

Properties on Market for Retail space in Somerset County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

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 Route 27 Franklin Park, NJ.

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).