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    2551 Nj-27 Franklin Township, NJ 08873

    Sponsored
    For Sale
    $1,680,000

    Prime Route 27 location, high traffic!

    Property size:
    1,180 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1,180 sq ft. QSR/Fast Food property, situated on over an acre in Franklin Township, NJ, presents a unique value-add investment opportunity. Located on highly trafficked NJ-27, this single-unit building boasts 50 parking spaces and benefits from approximately 38,000 vehicles passing daily. Built in 1961, the property is zoned for commercial use and offers ample space for expansion. The thriving Franklin Township community, with a population exceeding 62,000 and a median household income of approximately $89,992, provides a strong market for retail and dining establishments. This location, surrounded by complementary businesses, ensures high visibility and significant potential for growth. The asking price is $1,680,000, translating to $1,423.73 per square foot. This is a rare chance to acquire a well-positioned property with significant historical charm and substantial upside potential in a vibrant commercial area. The property's size, location, and existing infrastructure make it an ideal investment for a variety of business ventures.

    Property Features for 2551 Nj-27

    General Information

    Property type
    Restaurants
    Square Feet
    1,180 SF
    Lot Size
    52,272 SF

    Building Details

    Year Built
    1961
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • High‑visibility location on Route 27 in Franklin Township, Somerset County, NJ, with high traffic counts.
    • 1+ acre lot with a 1,180 sq ft building, ideal for a drive‑in restaurant or similar use.
    • Commercially zoned for restaurant and other business uses.
    • High daily traffic counts of approximately 38,487 vehicles in the Franklin Park area.
    • Strong demographics: Franklin Township boasts a population exceeding 62,000, a median age of 38.3, and a median household income of approximately $89,992.
    • Located in a vibrant commercial area with numerous retail and dining options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Franklin Township
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.5224357
    Latitude
    40.4499174

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    FAQs

    What type of property is this?
    Restaurant - Prime Route 27 location, high traffic!
    Where is this restaurant located?
    The property is located at 2551 Nj-27 Franklin Township, NJ.
    What is the asking price?
    The asking price for this property is $1,680,000.
    What are key features of this property?
    This property features: High-visibility location on Route 27 in Franklin Township, Somerset County, NJ, with high traffic counts.; 1+ acre lot with a 1,180 sq ft building, ideal for a drive-in restaurant or similar use.; Commercially zoned for restaurant and other business uses.
    Request Owner's contact information
    2551 Nj-27 Franklin Township, NJ 08873
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    Franklin Township, NJ 08873
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2551 Nj-27 Franklin Township, NJ 08873
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