46 Franklin St Belleville, NJ 7109
Approved mixed-use development site with 24 units and commercial space.
Type:Land or Vacant Lot
Lot size:
0.23 Acres- Added:
- Jul 29, 2025
- Days on Market:
- 264
- Last Refresh:
- Apr 5 at 8:44 pm
Property Features for 46 Franklin St
General Information
- Standard status
- Active
- Lot size
- 0.23 Acres
- Property subtype
- Land or Vacant Lot
Listing agent PAULA CARDENAS
Listing office SIGNATURE REALTY NJ (973) 921-1111
Listing date Jul 29, 2025
Source Corcoran
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 SIGNATURE REALTY NJ
Overview
Mixed-Use Development Opportunity, Approved Plans
This approved development site presents an investment opportunity for a mixed-use apartment building. The project is fully entitled for construction, featuring 24 residential units and one ground-floor commercial space. The existing structure generates a Gross Operating Income (GOI) of approximately $100,000 annually, providing income potential during pre-construction. The current building will need to be demolished for the approved project. A 5-year tax abatement is included, reducing carrying costs and enhancing ROI. This project is not designated as affordable housing, allowing for full market-rate rental opportunities. The property is located in Belleville Twp., NJ.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Mamasitas Nails Salon
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Belleville
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1783
- Latitude
- 40.7796
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Approved mixed-use development site with 24 units and commercial space.
Where is this mixed-use property located?
The property is located at 46 Franklin St Belleville, NJ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Approved development site for a mixed‑use building with 24 residential units and one commercial space.; Income‑producing property with approximately $100,000 annual Gross Operating Income (GOI) during pre‑construction.; Benefit from a 5‑year tax abatement, reducing carrying costs.
