585 State Rt 23 Franklin, NJ $ 575,000
585 State Rt 23
$ 575,000
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585 State Rt 23

Franklin, NJ, 07416
$ 575,000
Bedrooms-- Baths--

Monthly Estimate*

$ 3,540

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Commercial Property for sale in Franklin, NJ

for $575,000 with 5 half baths. This building was built in 1930 on a lot size of 0.31.

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.

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Commercial Active

Price

$ 575,000

Half Bath

5

Property Type

Commercial

Taxes

$ 13,981

Style

MixedUse

Lot Size

0.31

Year Built

1930

Town/City

Franklin

County/Region

Sussex

MLS | Web ID

4003646

Features
General
Sewer Public Sewer
Construction Brick/Block Wood
Heating 4+ Units
Cooling See Remarks
Utilities Electric Gas-Natural See Remarks
Possession POT
Roof Asphalt Shingle
Zoning HC2
Year Built 1930
Township Franklin Boro
Property Type Mixed Use MixedUse
Tax Year 2024
Ownership Fee Simple
Location Highway Location
County Sussex
Status Active
Directions Route 23 Franklin
Number Of Units Total 4
Tax Annual Amount 13981
Drive Circular Crushed Stone Off-Street Parking Parking Lot-Exclusive
Leasable Area 0
Standard Status Active
Tax Assessed Value 538500
Town # 2806
Tax Lot 11
Farm Assessment No
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Interior
Basement Full Unfinished Walkout
Flooring Concrete Laminate Tile Wood
Fuel Type Gas-Natural Oil Tank Above Ground - Outside
Total Stories 2
Half Baths 5
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Exterior
Lot Features Level Lot Open Lot
Water Source Well
Exterior Description Concrete Vinyl Siding
Building Area Total 0
Lot Dimensions .313 AC
Lot Size Acres 0.31
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* Excluded Features
List By
DEBRA KISTLE

Listing Agent

Kistle Realty, Llc.

Broker

kistleteam@gmail.com

Email

Affordability Calculator

$4,705
Per Month
75%
25%
0%
Monthly Principal & Interest
$3,540
Monthly Property Taxes
$1,165
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/6/2026$575,000 Listed Price

Map


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585 State Rt 23, Franklin, NJ, 07416 is a Commercial Property for sale at $575,000 with a lot size of 0.31. 585 State Rt 23 was built in 1930. The property's zip code is 07416 which is in Franklin, NJ