NJ
Sussex
Franklin Boro
07416
585 State Rt 23
585 State Rt 23, Franklin Boro, NJ 07416
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Listing Type
Commercial/Industrial
Listing Status
Active
41
$575,000

Home Details for 585 State Rt 23

Price
$575,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1930
Lot size acres
0.31
County
Sussex
Garage
Basement
Full, Unfinished, Walk-Out Access
Days on site
25
MLS Listing#
4003646
Property Description

Prime Income-Producing Investment Opportunity! Don't miss this versatile, fully rented investment property featuring three buildings with a strong mix of residential and commercial income. The property includes three residential units two 1-bedroom with 1 bath apartments and one stand-alone 3-bedroom, 1.5 bath house plus a garage/repair shop with excellent highway exposure. The commercial garage offers three overhead doors, a car lift, office space. Property serviced by natural gas and oil heat, making it ideal for automotive, contractor, or service-based use. Ample off-street parking supports both residential tenants and business operations. All units are fully rented, allowing you to start generating income immediately. Tenants are responsible for all utilities, while the owner covers taxes, snow plowing, and lawn maintenance, keeping expenses straightforward and predictable. Total rent rolls $7,000/month! The stand-alone house and upper residential unit have been recently refreshed/renovated, adding value and tenant appeal. Strategically located on a highway for maximum visibility, this property is also close to shopping, Crystal Springs, and popular ski resorts, increasing long-term rental demand and commercial potential. A rare opportunity to acquire a turnkey, mixed-use investment with multiple income streams in a high-exposure location.

Property Features
  • Basement
    • Full
    • Unfinished
    • Walk-Out Access
  • Heating Information
    • Oil
    • Natural Gas
  • Water Features
    • Well
    • Private
  • Parking
    • Circular Driveway
    • Off Street
  • Utilities
    • Natural Gas Available
Listing Courtesy: KISTLE REALTY, LLC. - 973-250-3299
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EXIT PLATINUM REALTY
200 Claremont Ave, Montclair, NJ 07042
John Johnson III
Franchisee
Office
973 746 4777
Agent
908 338 0639
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