105 Franklin St Belleville, NJ 07109-1003

This exceptional mixed-use property at 105-107 Franklin Street in Belleville, New Jersey, presents a compelling investment opportunity. The 6,000 square foot building boasts a prime location in the heart of the Silver Lake shopping district, offering unparalleled convenience and high visibility. The property comprises a well-balanced mix of commercial and residential space, featuring two retail units and three residential units, all currently at 100% occupancy. This translates to a robust 8.00% capitalization rate, reflecting the strong rental market and consistent rent growth in the area. The building benefits from recently upgraded utilities, ensuring efficient operation and minimal maintenance concerns. Its strategic location adjacent to the light rail station and bus stops provides excellent accessibility for tenants and customers. Furthermore, its proximity to the Garden State Parkway and Manhattan (just 15 miles away) enhances its appeal and potential for growth. The property also includes convenient parking for seven vehicles, including a dedicated EV charging station. This turnkey investment is situated near existing and upcoming developments, promising continued appreciation in value. The asking price is $1,300,000, representing a price per square foot of $216.67. This is a rare opportunity to acquire a high-performing mixed-use asset in a thriving New Jersey market. Don't miss out on this exceptional investment prospect.