2551 Nj-27 Franklin Township, NJ 08873
- Retail properties
- 1,180 SF
- 1.20 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 2551 Nj-27
- Year built
- 1961
- Lot size
- 1.20 lot acres
- Property size
- 1,180 SF
- Property type
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Franklin Township
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.5224
- Latitude
- 40.4499
