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    3391 Nj-27 Franklin Township, NJ 08823

    For Lease
    Contact for pricing

    Prime Somerset County Retail Center - 54,451 SF Available

    Lot size:
    54,451 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Franklin Towne Center, located at 3391 NJ-27 in Franklin Township, New Jersey (zip code 08823), presents a significant retail opportunity in Somerset County. This multi-tenant property boasts a total of 54,451 square feet, currently entirely vacant and available for lease. The center enjoys a high-traffic location and is anchored by established national brands including Stop & Shop, Sonic, Chase Bank, CVS, Wawa, and Apna Bazaar, ensuring strong visibility and foot traffic for new tenants. Spaces are available in various sizes, ranging from a minimum of 1,417 square feet to a maximum contiguous space of 48,000 square feet, offering flexibility for businesses of different scales. The property is classified as retail and is ideal for a variety of uses. This is a unique chance to establish a presence in a thriving retail center with a strong existing tenant mix. The property's address is easily accessible from NJ-27, providing convenient access for customers and employees. The geographic coordinates are 40.4284813 latitude and -74.5627137 longitude. Serious inquiries are encouraged to explore this exceptional retail leasing opportunity.

    Property Features for 3391 Nj-27

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,451 SF

    Unit(s) available at that property

    Space
    Suite 1
    Size
    16,606 SF
    Space
    Suite 2
    Size
    32,604 SF
    Space
    Suite 3
    Size
    3,824 SF
    Space
    Suite 21
    Size
    1,417 SF
    Space
    Available Space
    Size
    48,000 SF

    HighLights

    • 1,036 feet of frontage on Route 27.
    • High traffic count: 24,752 vehicles per day.
    • Neighborhood center location.
    • Excellent access from Route 27 and South Middlebush Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Franklin Township
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.5627137
    Latitude
    40.4284813

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    FAQs

    What type of property is this?
    Retail property - Prime Somerset County Retail Center - 54,451 SF Available
    Where is this retail property located?
    The property is located at 3391 Nj-27 Franklin Township, NJ.
    What are key features of this property?
    This property features: 1,036 feet of frontage on Route 27.; High traffic count: 24,752 vehicles per day.; Neighborhood center location.
    Request Owner's contact information
    3391 Nj-27 Franklin Township, NJ 08823
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    Franklin Township, NJ 08823
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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
    3391 Nj-27 Franklin Township, NJ 08823
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