For Lease
$30/SF/YR

10 Cedar Grove LnFranklin Township, NJ 08873

Prime Somerset retail building, 1.2 acres, high visibility.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional single-tenant retail property, located at 10 Cedar Grove Lane in Franklin Township, Somerset County, New Jersey, presents a compelling investment opportunity. The 2,888 square foot building sits on a generous 1.2-acre lot, providing ample space and potential for expansion or redevelopment. The property boasts excellent visibility and accessibility due to its 130-foot frontage on Cedar Grove Lane, a key thoroughfare in a thriving commercial area. The building is a single-story structure with eight parking spaces, catering to both customers and employees. The zoning is designated as GB, offering flexibility for various commercial uses. The property's address is 10 Cedar Grove Lane, Franklin Township, NJ 08873, with a cross street of Easton Avenue. The property's parcel number (APN) is 08-00424-02-00023-03. This Class C property is ideal for a variety of retail businesses or redevelopment projects seeking a prominent location in a high-traffic area. The property's single-tenant occupancy offers immediate income potential or the opportunity to lease to a suitable tenant. The ample lot size provides significant expansion possibilities. This is a rare opportunity to acquire a well-located retail property in a desirable Somerset County location. The property is conveniently located near major transportation routes, ensuring easy access for customers and employees.

Highlights

  • 2,888 sq. ft. single-story mixed-use retail building.
  • 8 parking spaces per 1,000 sq. ft.
  • Excellent location near childcare, Hilton hotels, major highways, shopping centers, and Rutgers University.
  • Versatile shell space allowing for tenant build-out.
  • Lease rate: $30/sq. ft.; Sale price: $625/sq. ft. ($3 million).

Property Details for 10 Cedar Grove Ln

Property type
Retail properties, Mixed-use properties
RSF (Rentable sq. ft)
2,888 SF
Buildings
1
Stories
1

Unit(s) available at that property

Space
Size
2,888 SF
Rate per SF
$30

Location Insight

City
Franklin Township
County
Somerset
State
New Jersey
Latitude
40.5348287
Longitude
-74.5081183
10 Cedar Grove Ln, Franklin Township, New Jersey

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Contacts

Minhaj Hussain
Minhaj Hussain

Learn more

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10 Cedar Grove Ln, Franklin Township, New Jersey, 08873

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

10 Cedar Grove Ln
  • Minhaj Hussain
    Minhaj Hussain
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