3 Market StFranklin Township, NJ 08873

  • Commercial real estate
  • 2,304 SF
For Sale
$489,000 View listing

Property Details for 3 Market St

Construction
FRAME
Lot size
0.12 AC
Property size (Sq ft)
2,304 SF
Zone code
R10H
Property type
Commercial real estate
APN
08 00064-0000-00007
APU
800064000000007

Description

This exceptional 2,304 square foot free-standing retail building in Franklin Township, NJ (08873), offers a fantastic opportunity for a variety of businesses. Located at 3 Market Street, the property boasts 2,000 square feet of immediately available space, perfect for a wide range of uses. The current layout includes two offices, a half bath, a conference room, a spacious main area with counters, a kitchen, and two additional half baths. The building features convenient access from two streets, providing excellent visibility and accessibility for customers. Ample off-street parking is available for eight vehicles, and a large rear deck is ideal for outdoor seating or other uses. A walk-out basement provides additional storage or expansion potential. The property is zoned for non-conforming light commercial use. Rental options are flexible, with the entire 2,000 square foot space available for $2,700 per month, or individual office spaces available for $400 per month, or an office and conference room with bath for $500 per month. This versatile property presents a unique opportunity for entrepreneurs seeking a well-located, adaptable space in a thriving community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $436,007
    Hospitality
    $399,380
    Educational
    $332,279
    Medical
    $343,707
    Retail
    $516,879
3 Market St, Franklin Township, New Jersey

Location Insight

City
Somerset
County
Somerset
State
New Jersey
Latitude
40.5031
Longitude
-74.5812
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
$6,032
$170,400
$125,600
$296,000
-
$170,400
$125,600
$296,000

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