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Retail Storefront on Route 23
For Lease
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68 State Rt 23, Franklin, NJ 07416

Retail space directly on Route 23 with illuminated signage and easy drive-in access off the corridor.

Space Size2,009 SF
Days on Market62

Property Features for 68 State Rt 23

General Information

Standard status Active
Size 2,009 SF
Property subtype RETAIL
Zoning HC-3

Site & Location

Highway Access Yes
Road Access Yes

Spaces For Lease

at 68 State Rt 23 Contact us

68 State Rt 23

Floor
1
Size
2,009 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- The site sits directly on Route 23, one of the primary north-south retail corridors...
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Listing Agency: RIPCO Real Estate - New Jersey
Listed By: Richard Curran
Source: Moodyscre
Added: Jul 13 Changed: Sep 7 Last Checked: Sep 11 at 11:50AM

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 RIPCO Real Estate - New Jersey

Investment Insights

Based on property information with market context.

This retail storefront property sits directly on Route 23 and is positioned for strong highway visibility. The site offers easy ingress and egress directly from Route 23, along with illuminated highway signage for added exposure.

Route 23 is described as one of the primary north-south retail corridors in northern New Jersey, with reported traffic counts exceeding 18,000 vehicles per day. The property is located in Franklin and benefits from nearby retail including ShopRite of Franklin, Dollar Tree, Mattress Warehouse, and Franklin Shopping Center. Flexible HC-3 Highway Commercial zoning supports a broad mix of retail and service-oriented uses, making the space suitable for service retail and showroom concepts, as well as convenience-leaning businesses and quick-service food.

The listing is offered for rent.

Key Highlights

  • Directly on Route 23 in northern New Jersey, with reported traffic counts exceeding 18,000 vehicles per day and strong frontage/signage exposure
  • Easy ingress/egress directly off Route 23 for local Franklin traffic and regional pass‑through traffic from Sussex County
  • Illuminated highway signage on Route 23

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Law Firm Auto Parts Store Parking Lot & Garage

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

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

129
Businesses Nearby
47k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 44% Dining 32% Electronics 10% Apparel 10%
Dollar Tree Shops & Services
15,066 visits/mo 0.4 miles
Starbucks Dining
14,975 visits/mo 0.4 miles
Mandee Apparel
4,679 visits/mo 0.3 miles
Lukoil Shops & Services
2,967 visits/mo 0.3 miles
Verizon Electronics
2,899 visits/mo 0.4 miles

Demographics for 07416, NJ

5,615
Population
2,837
Households
2
Avg Household Size
46
Median Age
22%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
460
Density / Sq Mi
$90,869
Median Household Income
$50,978
Median Earnings
$1,346
Median Rent
$263,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space directly on Route 23 with illuminated signage and easy drive-in access off the corridor.
Where is this retail space located?
The property is located at 68 State Rt 23 Franklin, NJ.
What are key features of this property?
This property features: Directly on Route 23 in northern New Jersey, with reported traffic counts exceeding 18,000 vehicles per day and strong frontage/signage exposure; Easy ingress/egress directly off Route 23 for local Franklin traffic and regional pass‑through traffic from Sussex County; Illuminated highway signage on Route 23
(201) 803-6740 Call to check price and availability
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