137 Rutherford AveFranklin, NJ 07416

Property Details for 137 Rutherford Ave

Year built

1920

Lot size

0.82 AC

Property size (Sq ft)

3,328 SF

Zone code

HC-2

Property type

Other commercial real estate

APN

06 01504-0000-00023

APU

601504000000023

Description

This exceptional 3,328 square foot commercial property, located at 137 Rutherford Ave, Unit 1, Franklin, NJ, presents a unique investment opportunity. Situated on a 0.82-acre lot in a high-traffic area of Route 23, this property boasts excellent visibility and accessibility. Currently operating as a long-established hair salon, the space offers immediate income potential for a variety of businesses. The main floor is ready for immediate occupancy, requiring only minor cosmetic updates. The second floor, while not currently permitted as living space, presents significant potential for conversion into a two-bedroom apartment. This conversion would offer substantial cost savings by generating rental income to offset operational expenses, making this property an attractive option for owner-occupants seeking to reduce their monthly overhead. The property is being sold strictly "as is," reflecting the opportunity for a motivated buyer to capitalize on its potential. The asking price of $375,000 makes this a compelling investment in a prime Franklin, NJ location. The property's high visibility and established business history make it an ideal choice for entrepreneurs seeking a thriving commercial space.

• Alternative Use

  Use

  Valuation

  Residential

  $946,284

  Hospitality

  $866,791

  Educational

  $721,160

  Medical

  $745,962

  Retail

  $1,121,805

Location Insight

City

Franklin

County

Sussex

State

New Jersey

Latitude

41.1103

Longitude

-74.5806

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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