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575 MADISON AVENUE, NEW YORK, NY 10022. 212.891.7000 © 2025 DOUGLAS ELLIMAN REAL ESTATE. EQUAL EMPLOYMENT OPPORTUNITY PROVIDER. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.LISTING DATA REFRESHED ON JUN 23 2025 AT 6:25 AM.

DOUGLAS ELLIMAN IS A LICENSED REAL ESTATE BROKER IN CALIFORNIA WITH LICENSE # 01947727, COLORADO WITH LICENSE # EC100053892, CONNECTICUT WITH LICENSE # REB.0314827, THE DISTRICT OF COLUMBIA WITH LICENSE # REO40000160, FLORIDA WITH LICENSE # CQ1020232, MARYLAND WITH LICENSE # 645270, MASSACHUSETTS WITH LICENSE # 422764, NEVADA WITH LICENSE # 1454643, NEW JERSEY WITH LICENSE # 0572105, NEW YORK WITH LICENSE # 10991211812, TEXAS WITH LICENSE # 9008706, AND VIRGINIA WITH LICENSE # 0226035659.

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69 State Rt 23

franklin, NJ 07416-1906

$495,500

  • contract signed

INTERESTED? LET'S CONNECT

Retail plus three residential spaces. Prime mixed use with exceptional visibility on Route 23 at the southern end of the Franklin highway commercial zone. There is parking for the retail space in front and a large private lot in the rear for residential tenants or overflow for the retail space. Two 2 bed and one 1 bed residential apartments along with the storefront are all occupied with month to month tenants ensuring a day 1 income stream. A large attic provides tons of storage space. The 2 bed units upstairs have gas stoves and the boiler is oil fired but natural gas is readily available for conversion. The Franklin Shopping Center is right across the street. New siding and a new boiler make for low maintenance enabling a buyer to live and work from one property or open a business with overhead costs paid for by your residential tenants. An exceptional opportunity for business owners, investors, or someone looking for a live and work at one location arrangement. The possibilities are plentiful with this property ready for ownership takeover.

Details

3,651 Sq Ft

4,791.6 Sq Ft Exterior Space

Commercial

$13,546 Annual Tax

Built in 1920

MLS/Listing ID 3955766

2 Stories

4 Units

Amenities & Features

Construction - Wood

Listing Courtesy of REALTY EXECUTIVES EXCEPTIONAL, ROBERT BURR

GSMLS

Source of Data: GARDEN STATE MLS

Interested in 69 State Rt 23?