105-107 Franklin St
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105-107 Franklin St
5,750 SF 100% Leased Retail Building Belleville, NJ 07109 $1,300,000 ($226/SF) 8% Cap Rate
Investment Highlights
- Excellent location in the center of Silver Lake shopping district
- All new utilities
- Close to existing and upcoming new developments
- Very strong rental market with consistent rent growth
- Adjacent to light rail station and bus stops
- Close to Garden State Parkway
Executive Summary
This property is a corner mixed-use building with 2 retail units and 3 residential units. The property is directly adjacent to the Silver Lake Light rail station.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,750 SF
Building Class
C
Year Built
1940
Price
$1,300,000
Price Per SF
$226
Cap Rate
8%
NOI
$104,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.88
Lot Size
0.15 AC
Zoning
BD, Belleville Twp
Parking
7 Spaces (1.22 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Commuter Rail
- Air Conditioning
Walk Score ®
Very Walkable (79)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01-01304-0000-00002 | Improvements Assessment | $299,400 |
| Land Assessment | $165,000 | Total Assessment | $464,400 |
PROPERTY TAXES
Parcel Number
01-01304-0000-00002
Land Assessment
$165,000
Improvements Assessment
$299,400
Total Assessment
$464,400
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105-107 Franklin St
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