4271 Route 27Princeton, NJ 08540

Property Details for 4271 Route 27

Lot size

7.96 AC

Property type

Day care centers & nurseries

Property subtype

Retail properties

Description

This exceptional 7.96-acre property in Franklin Township, NJ, presents a lucrative investment opportunity. Located at 4271 Route 27, near Princeton, this retail site is zoned RR3 and boasts a diverse income stream. The property includes a four-bedroom, two-bathroom residential home with a basement, currently generating $2,200 per month in rental income. A separate office/shop building adds another $3,000 monthly to the revenue, while a rear trailer rental brings in an additional $500 per month. A greenhouse building, equipped with fans, is also situated on the property, offering further potential for development or rental. The property's previous use as a flower shop with greenhouses suggests adaptability for various businesses. Its convenient location near schools, places of worship, shopping centers, Route 1, and public transportation (including a bus route to NYC) enhances its appeal and accessibility. With ample parking (four spaces) and a strong existing rental income, this property offers significant upside potential for investors seeking a diversified portfolio. The asking price is $1,600,000. This is a rare opportunity to acquire a substantial property in a desirable location with immediate cash flow.

Location Insight

City

Princeton

County

Somerset

State

New Jersey

Latitude

40.4021

Longitude

-74.5879

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