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3031 State Route 27 8,320 SF 100% Leased Office Building Franklin Park, NJ 08823 $1,450,000 ($174.28/SF)
Investment Highlights
- High Visibility Highway Location
- Fully Occupied
- Lots of Parking
Executive Summary
Fully Occupied Commercial Building. Highway location. First Floor: 3 Commercial/Retail Units. Second Floor: 4 Office Units. Real Estate Office (Business not for sale): 2 Stories - 6 Rooms - All Separate HVAC. CAM includes water & sewer except for real estate office. Lots of parking!
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
8,320 SF
Building Class
C
Year Built
1987
Price
$1,450,000
Price Per SF
$174.28
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,160 SF
Slab To Slab
12’
Building FAR
0.24
Lot Size
0.80 AC
Zoning
NBH - Retail Office
Parking
46 Spaces (5.53 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Smoke Detector
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 08-00048-0000-00003 | Total Assessment | $1,107,000 |
| Land Assessment | $720,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $387,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
08-00048-0000-00003
Land Assessment
$720,000
Improvements Assessment
$387,000
Total Assessment
$1,107,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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3031 State Route 27
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