585 State Rt 23 Franklin, NJ 07416-2208
This exceptional 1,704 square foot commercial property, situated on a 0.31-acre lot at 585 State Route 23 in Franklin, NJ, presents a fantastic investment opportunity. The building, constructed of concrete block, features three garage bays, each equipped for efficient operation. A convenient garage door opener is installed on the first bay, enhancing accessibility. A car lift is included, adding significant functionality for repair work. The heated work area boasts 11 and 13-foot ceilings, providing ample space and headroom. A slop sink is conveniently located within the garage area. An exhaust fan is already in place, ensuring proper ventilation. The building also includes a waiting/office area with a case and electric heat, providing a comfortable space for clients. Additional features include a hatch attic for storage, multiple storage compartments throughout the building, and a bonus 12x8 shed offering even more storage capacity. The property also offers a lavatory and ample parking for both employees and clients. Oil heat and an oil burner provide reliable climate control. This prime location on a main highway ensures high visibility and accessibility, making it an ideal location for a variety of commercial uses. The property is priced at $2650.
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.