You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Commercial real estate

585 State Rt 23 Franklin, NJ 07416-2208

1,552 SF 0.31 ac lot Built 1930
Entity Owned ~ Est. High Equity
Property ID
US59-1839099
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1930
Total area 1,552 SF
Lot 0.31 ac (13,634 SF)
Zoning code HC-2
APN 06 00102-0000-00011
UPID US59-1839099
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
585 Route 23 North LLC
585 Route 23 North LLC
since 2026
6 recorded transactions
2026
$550,000
2025
Price N/A
2023
$525,000
2014
$157,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
HC-2 · Franklin, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 585 State Rt 23?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message