4271 Route 27 Princeton, NJ 08540
- Day care centers
- 7.96 lot acres
Current Use by Public Records
- Day care centers
Property Details for 4271 Route 27
- Lot size
- 7.96 lot acres
- Property type
- Day care centers
Description
This exceptional 7.96-acre property in Franklin Township, NJ, presents a lucrative investment opportunity. Located at 4271 Route 27, near Princeton, this retail site is zoned RR3 and boasts a diverse income stream. The property includes a four-bedroom, two-bathroom residential home with a basement, currently generating $2,200 per month in rental income. A separate office/shop building adds another $3,000 monthly to the revenue, while a rear trailer rental brings in an additional $500 per month. A greenhouse building, equipped with fans, is also situated on the property, offering further potential for development or rental. The property's previous use as a flower shop with greenhouses suggests adaptability for various businesses. Its convenient location near schools, places of worship, shopping centers, Route 1, and public transportation (including a bus route to NYC) enhances its appeal and accessibility. With ample parking (four spaces) and a strong existing rental income, this property offers significant upside potential for investors seeking a diversified portfolio. The asking price is $1,600,000. This is a rare opportunity to acquire a substantial property in a desirable location with immediate cash flow.
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
- Princeton
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.5878611
- Latitude
- 40.4021361
