Window-Front Retail
For Sale
Contact for pricing
71 Franklin St, Belleville, NJ 07109
Open-plan commercial space with street parking, nearby transit, and flexibility for customized retail use.
Property Size520 SF
Price / SF$3.46
Days on Market72
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Property Features for 71 Franklin St
General Information
Standard status
Active
Size
520 SF
Building Details
Year Built
2026
Listing Agency:
LOMBARDI REALTY
Listed By:
JEANNE LOMBARDI
(973) 751-6300
Source:
Goldstandardrealty
Added: Aug 5
Changed: Oct 6
Last Checked: Oct 15 at 2:51AM
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 LOMBARDI REALTY
Investment Insights
Based on property information with market context.
Completed in 2026, this approximately 520 sq. ft. retail space offers an open interior and a window-front presentation. The layout is suitable for customization around a business’s operational needs, with the space delivered as a flexible commercial storefront.
On-street parking is available, and a municipal parking lot sits one block away. The property has immediate access to light rail and other public transportation. The surrounding area includes eateries, cafes, stores, salons, schools, and shopping, with Branch Brook Park located a few blocks from the building.
On-street parking is available, and a municipal parking lot sits one block away. The property has immediate access to light rail and other public transportation. The surrounding area includes eateries, cafes, stores, salons, schools, and shopping, with Branch Brook Park located a few blocks from the building.
Key Highlights
- Approximately 520 sq. ft. of retail space
- Window‑front storefront with an open interior
- Newly constructed building completed in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,422
Suggested Prices Based on Cap Rates
Cap Rate 5%
$148,440
$148.4K
Cap Rate 7%
$106,029
$106.0K
Cap Rate 9%
$82,467
$82.5K
Market Conditions
NOI Build-Up for 520 SF
Gross rent
$11.2K $21.60/SF
− Vacancy
−$629 −$1.21/SF
EGI
$10.6K $20.39/SF
− OpEx
−$3.2K −$6.12/SF
NOI
$7.4K $14.27/SF
Area
Essex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$148,440
Cap Rate 7%
$106,029
Cap Rate 9%
$82,467
Alternative Uses
Best Use
Retail
$106.0K
$92.8K – $123.7K
NOI $7,422 @ 7.0% cap · market cap 412.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$135.8K
$118.8K – $158.4K
NOI $9,505 @ 7.0% cap · market cap 528.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,706
Businesses Nearby
355k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 35%
Shops & Services 19%
Dining 18%
Apparel 16%
Stop & Shop
Groceries
69,475 visits/mo
0.4 miles
SuperFresh Food World
Groceries
55,578 visits/mo
0.3 miles
Marshalls
Apparel
40,281 visits/mo
0.4 miles
McDonald's
Dining
39,865 visits/mo
0.3 miles
Staples
Office Supplies
34,233 visits/mo
0.5 miles
Demographics for 07109, NJ
38,078
Population
15,045
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
3.3 sq mi
ZIP Area
11,539
Density / Sq Mi
$90,164
Median Household Income
$47,446
Median Earnings
$1,596
Median Rent
$405,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Open-plan commercial space with street parking, nearby transit, and flexibility for customized retail use.
Where is this retail space located?
The property is located at 71 Franklin St Belleville, NJ.
What are key features of this property?
This property features: Approximately 520 sq. ft. of retail space; Window‑front storefront with an open interior; Newly constructed building completed in 2026
