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John Cerutti

Sales Associate

  • Office 973-827-6767
  • Cell 973-670-6767

418 Rt 23, Franklin Boro, NJ – $775,000

  • $775k Price
  • 4,990 Sqft
  • 238 DOM
  • $775k Price
  • 4,990 Sqft
  • 238 DOM

418 Rt 23

Prime location for Retail or Professional use.-3 Condo Units, # s 1,4 & 5 - 4990 S.F. High Visibility on Rt 23, Franklin Business District w/National & Regional Chains. Appr 18,000 vehicles pass a day THESE 3 UNITS ARE BUSINESS OCCUPIED; HEATING & PLUMBING CO, YOGA STUDIO, TATTOO STUDIO. Also, there are 2 additional Units, # s 2 & 3 for sale that are vacant. See MLS 3582938. This gives the opportunity to purchase the entire Bldg with all 5 Units and have income. Plenty of Parking, 32 Spaces. Total S.F for the entire 5 Unit Bldg is 7429 . FINANCIALS AVAILABLE. CAP RATE 7.6. These listings are on CO STAR, LOOPNET, CREXI & MLS.

Essential Information

  • MLS® #3599821
  • Price$775,000
  • Square Footage4,990
  • Acres0.00
  • Year Built1988
  • TypeCommercial
  • StatusActive

Community Information

  • Address418 Rt 23
  • CityFranklin Boro
  • CountySussex
  • StateNJ
  • Zip Code07416


  • UtilitiesElectric, All Underground
  • Parking Spaces32


Blacktop, Parking Lot-Exclusive


  • # of Stories2


Gas-Propane Leased, Oil Tank Above Ground - Inside


  • ExteriorBrick
  • Lot DescriptionCorner
  • RoofFiberglass

Additional Information

  • Date ListedNovember 7th, 2019
  • Days on Market238
  • ZoningHC-S

Listing Details

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Listing information last updated on July 10th, 2020 at 11:18am EDT.