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    1101 Randolph Rd Franklin Township, NJ 08873

    For Lease
    Contact for pricing

    Prime Franklin Township retail space available.

    Lot size:
    21,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    The Shops at Summerfields, located at 1101 Randolph Rd in Somerset, NJ (zip code 08873), presents a compelling retail investment opportunity in Franklin Township, Somerset County. This established shopping center offers a total of 21,000 square feet of retail and restaurant space, currently featuring multiple tenants. There are 3,500 square feet of immediately available space, divisible into units ranging from a minimum of 1,400 square feet to a maximum contiguous space of 2,100 square feet. This makes it ideal for a variety of businesses seeking flexible space options. The property boasts ample parking with 166 spaces available for customers and employees, ensuring convenient access for patrons. The center's strategic location in Franklin Township, New Jersey provides excellent visibility and accessibility, making it an attractive destination for shoppers. This is a chance to establish or expand your business in a thriving retail environment with a strong existing tenant base. The property is conveniently located at 40.5304102, -74.5567181. Serious inquiries are encouraged.

    Property Features for 1101 Randolph Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    21,000 SF

    Unit(s) available at that property

    Space
    Suite H
    Size
    1,400 SF
    Space
    Suite G
    Size
    2,100 SF

    HighLights

    • High‑traffic corner location with signalized intersection.
    • Excellent access to major roadways, I‑287 and Route 206.
    • Ample parking and highly visible storefronts with pylon signage opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Franklin Township
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.5567181
    Latitude
    40.5304102

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Franklin Township retail space available.
    Where is this lifestyle center located?
    The property is located at 1101 Randolph Rd Franklin Township, NJ.
    What are key features of this property?
    This property features: High-traffic corner location with signalized intersection.; Excellent access to major roadways, I-287 and Route 206.; Ample parking and highly visible storefronts with pylon signage opportunity.
    Request Owner's contact information
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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
    1101 Randolph Rd Franklin Township, NJ 08873
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