795 Franklin Ave Franklin Lakes, NJ 07417-1368
-
ZirámiX Industrial Manufacturer Production Facility
-
Matthew Krieger DMD Dental Office
-
Sabra Dental Studios Dental Office
-
Partnership in Practice Physician
-
Franklin Lakes Insurance Co Inc Insurance Agency
RB-2 Retail Business 2 District. [Added 4-5-2016 by Ord. No. 1668 ] A. The purpose of the RB-2 District is to encourage the development and redevelopment of a compatible mixture of land uses that will complement the RB-1 District with special consideration of the locational significance of properties located at the intersection of Franklin Avenue and Colonia…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
RB · Franklin Lakes, NJRB-2 Retail Business 2 District. [Added 4-5-2016 by Ord. No. 1668 ] A. The purpose of the RB-2 District is to encourage the development and redevelopment of a compatible mixture of land uses that will complement the RB-1 District with special consideration of the locational significance of properties located at the intersection of Franklin Avenue and Colonial Road and the physical characteristics of those properties. The standards herein are intended to produce a walkable commercial district composed of small stores with high quality and distinctive architecture with a traditional style that is compatible with the character of the corridor and Franklin Lakes as a whole. B. Principal permitted uses allowed in the RB-2 District shall include the following: [Amended 10-3-2022 by Ord. No. 1884 ] (1) Any principal permitted use allowed in the RB-1 District, as set forth in § 300-113 , with the exception of childcare facilities and gasoline service stations. C. Accessory permitted uses allowed in the RB-2 District shall include the following: (1) All accessory uses permitted in the RB-1 District, excluding childcare facilities. (2) Outdoor cafes, subject to § 300-127.1. D. Conditional permitted uses allowed in the RB-2 District: (1) None. E. Prohibited uses in the RB-2 District: Any uses other than those permitted by this subsection shall be prohibited. Without in any way limiting the generality and prohibition of this subsection, nothing contained in this chapter shall be construed to permit any of the following uses in the RB-2 District: all uses prohibited in the RB-1 District. [Amended 12-21-2021 by Ord. No. 1860 ] F. The applicable area and bulk requirements are presented in the accompanying Schedule of Area and Bulk Requirements set forth at the end of this chapter with the following exception: (1) The maximum building height may be increased to two stories/40 feet if the following standards are met: (a) First-floor facades which are visible from a public street shall be expressed as building modules that do not exceed 40 feet in width so as to eliminate blank walls, create more interesting architecture, and facilitate small-scale commercial opportunities. Architectural elements, including but not limited to piers, columns, insets, projections or other vertical elements, may be used to visually break up the plane of the first-floor facade. (b) Where facing Franklin Avenue: a minimum of 60% of the ground-floor facade between three and 10 feet above grade and 30% of upper-floor facades shall be transparent and shall provide visual access to the street.
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.