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    288 Anderson Rd Franklin Township, NJ 08802

    • Land
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 288 Anderson Rd

    Year built
    1950
    Property type
    Land

    Description

    This exceptional Franklin Township, NJ property, located at 288 W Anderson Road W, presents a unique investment opportunity priced at $1,250,000. The 1950-built land parcel offers a turnkey solution for an ambitious entrepreneur. The sale includes a substantial existing building featuring a spacious one-bedroom apartment ideal for owner-operator occupancy. A significant advantage is the inclusion of a Class C Broad liquor license, streamlining the process for a restaurant or catering business. The property boasts a large banquet room, naturally lit and capable of hosting events for 125-150 guests. Ample on-site parking is available, accommodating approximately 80 vehicles. This is a rare chance to acquire a fully equipped commercial property with significant existing infrastructure and a valuable liquor license in a desirable location. The property is zoned for commercial use and is situated in Warren County, NJ, zip code 08802. The property consists of one unit on a single-story building. Serious inquiries are encouraged to explore this promising venture.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Franklin Township
    County
    Warren
    State
    New Jersey
    Longitude
    -75.0184
    Latitude
    40.7097

    Comparable in this City

    • Value Estimation
      $250,000
      0.73 Acres

      175 Asbury Anderson Rd

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    • Value Estimation
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      432 Old Main St

      COMMERCIAL (GENERAL) • 0.17 Acres
      432 Old Main St, Asbury, NJ 08802-1075
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    • Value Estimation
      $300,000
      1,356 SF

      1077 State Rte 173

      COMMERCIAL (GENERAL) • 1,356 SF
      1077 State Rte 173, Asbury, NJ 08802-1126
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    • Value Estimation
      $325,000
      1,500 SF

      1031 State Rte 173

      COMMERCIAL (GENERAL) • 1,500 SF
      1031 State Rte 173, Asbury, NJ 08802-1121
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    • Value Estimation
      $820,000
      6,271 SF

      1045 State Rte 173

      COMMERCIAL (GENERAL) • 6,271 SF
      1045 State Rte 173, Asbury, NJ 08802-1175
      View Details
    • Value Estimation by Request

      1016 State Rte 173

      COMMERCIAL (GENERAL)
      1016 State Rte 173, Asbury, NJ 08802-1123
      View Details

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    288 Anderson Rd
    Franklin Township, NJ 08802
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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
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