137 S Rutherford Ave Franklin, NJ 07416
For Sale
1 / 20
This exceptional 3,328 square foot commercial property, located at 137 Rutherford Ave, Unit 1, Franklin, NJ, presents a unique investment opportunity. Situated on a 0.82-acre lot in a high-traffic area of Route 23, this property boasts excellent visibility and accessibility. Currently operating as a long-established hair salon, the space offers immediate income potential for a variety of businesses. The main floor is ready for immediate occupancy, requiring only minor cosmetic updates. The second floor, while not currently permitted as living space, presents significant potential for conversion into a two-bedroom apartment. This conversion would offer substantial cost savings by generating rental income to offset operational expenses, making this property an attractive option for owner-occupants seeking to reduce their monthly overhead. The property is being sold strictly "as is," reflecting the opportunity for a motivated buyer to capitalize on its potential. The asking price of $375,000 makes this a compelling investment in a prime Franklin, NJ location. The property's high visibility and established business history make it an ideal choice for entrepreneurs seeking a thriving commercial space.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HC-2 · Franklin, NJFranklin. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.