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Property profile & analytics
OFF-MARKET
Land

272 Nj-23 Franklin, NJ 07416

0.68 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.68-acre commercial land parcel, located at 272 Route 23 in Franklin, New Jersey (zip code 07416), presents a unique redevelopment opportunity. Situated in Sussex County, this property boasts a convenient location with excellent visibility along Route 23. The asking price is $2,050,000. The site offers ample space for a variety of commercial ventures. Eleven parking spaces are currently available. Importantly, the property has undergone environmental remediation, with the removal of above-ground fuel tanks completed on December 2nd, 2021. This addresses a significant potential hurdle for future development, saving considerable time and expense for the buyer. The site's zoning and permitted uses should be independently verified by prospective purchasers. With a total buildable area of 30,006 square feet, this property offers significant potential for substantial return on investment. This is a rare chance to acquire a well-positioned commercial lot in a thriving New Jersey market. Serious inquiries are encouraged to explore the possibilities this prime location offers. The latitude and longitude coordinates are 41.1183747 and -74.580183 respectively.

Property profile
Verified
Property type Land
Lot 0.68 ac (29,621 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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