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Property profile & analytics
FOR SALE
Commercial real estate

137 S Rutherford Ave Franklin, NJ 07416

3,328 SF 0.82 ac lot Built 1920
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US59-2940038
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1920
Total area 3,328 SF
Lot 0.82 ac (35,632 SF)
Zoning code HC-2
APN 06 01504-0000-00023
UPID US59-2940038
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
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
Villamar Realty LLC · 1 yrs held
Villamar Realty LLC
since 2025
Last sale
$375,000
7 recorded transactions
2025
$375,000
2006
$335,000
1997
$110,000
1991
$124,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
HC-2 · Franklin, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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