1075 Easton AveFranklin Township, NJ 08873

  • Commercial real estate
  • 11,922 SF

Property Details for 1075 Easton Ave

Year built
1972
Construction
BRICK
Lot size
7.49 AC
Property size (Sq ft)
11,922 SF
Zone code
GB
Property type
Commercial real estate
APN
08 00259-0000-00077- 01
APU
80025900000007701

Description

This exceptional 2,200 square foot retail space is situated within the bustling Village Plaza, located at 1075 Easton Avenue in Franklin Township, New Jersey, 08873. The property is part of a larger 326,221 square foot retail center situated on 7.49 acres of land, zoned GB. Its strategic location on Easton Avenue, a major commuter route providing easy access to Interstate 287 Exit 10, ensures high visibility and significant foot traffic. The space itself is a former dental office, making it readily adaptable for a variety of medical uses, including but not limited to dental, medical, hearing centers, urgent care, pharmacy, physical therapy, or even retail uses such as a candy shop or card store. The plaza boasts multiple points of ingress and egress, enhancing convenience for both tenants and customers. Village Plaza offers a diverse range of retail services, creating a one-stop shop environment that attracts a substantial customer base. This presents a unique opportunity for a business seeking a high-traffic location within an established and thriving retail center in Somerset County. The property offers single-tenant occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,256,109
    Hospitality
    $2,066,584
    Educational
    $1,719,373
    Medical
    $1,778,505
    Retail
    $2,674,580

Location Insight

City
Somerset
County
Somerset
State
New Jersey
Latitude
40.5166
Longitude
-74.4884
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$289,396
$4,000,000
$10,700,000
$14,700,000
-
$4,000,000
$10,700,000
$14,700,000

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