For Sale
$1,300,000

105 Franklin StBelleville, NJ 07109

Prime Belleville location, high occupancy, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use property at 105-107 Franklin Street in Belleville, New Jersey, presents a compelling investment opportunity. The 6,000 square foot building boasts a prime location in the heart of the Silver Lake shopping district, offering unparalleled convenience and high visibility. The property comprises a well-balanced mix of commercial and residential space, featuring two retail units and three residential units, all currently at 100% occupancy. This translates to a robust 8.00% capitalization rate, reflecting the strong rental market and consistent rent growth in the area. The building benefits from recently upgraded utilities, ensuring efficient operation and minimal maintenance concerns. Its strategic location adjacent to the light rail station and bus stops provides excellent accessibility for tenants and customers. Furthermore, its proximity to the Garden State Parkway and Manhattan (just 15 miles away) enhances its appeal and potential for growth. The property also includes convenient parking for seven vehicles, including a dedicated EV charging station. This turnkey investment is situated near existing and upcoming developments, promising continued appreciation in value. The asking price is $1,300,000, representing a price per square foot of $216.67. This is a rare opportunity to acquire a high-performing mixed-use asset in a thriving New Jersey market. Don't miss out on this exceptional investment prospect.

Highlights

  • $1,300,000 asking price for this mixed-use property.
  • 6,000 square feet with a price per square foot of $216.67.
  • 8.00% cap rate and 100% occupancy.
  • Five units total: two commercial and three residential.
  • Excellent Silver Lake shopping district location, near light rail and bus lines.
  • Seven parking spaces, including one EV charger.

Property Details for 105 Franklin St

Property type
Retail properties, Mixed-use properties
Square Feet
6,000 SF
Units
5

Location Insight

City
Belleville
County
Essex
State
New Jersey
Latitude
40.7956149
Longitude
-74.1650991
105 Franklin St, Belleville, New Jersey

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105 Franklin St
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