4271 Route 27Princeton, NJ 08540

For Sale
$1,600,000

7.96-Acre Daycare/Retail Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 7.96-acre property in Franklin Township, NJ, presents a lucrative investment opportunity. Located at 4271 Route 27, near Princeton, this retail site is zoned RR3 and boasts a diverse income stream. The property includes a four-bedroom, two-bathroom residential home with a basement, currently generating $2,200 per month in rental income. A separate office/shop building adds another $3,000 monthly to the revenue, while a rear trailer rental brings in an additional $500 per month. A greenhouse building, equipped with fans, is also situated on the property, offering further potential for development or rental. The property's previous use as a flower shop with greenhouses suggests adaptability for various businesses. Its convenient location near schools, places of worship, shopping centers, Route 1, and public transportation (including a bus route to NYC) enhances its appeal and accessibility. With ample parking (four spaces) and a strong existing rental income, this property offers significant upside potential for investors seeking a diversified portfolio. The asking price is $1,600,000. This is a rare opportunity to acquire a substantial property in a desirable location with immediate cash flow.

Highlights

  • $1,600,000 asking price.
  • 7.96-acre lot in Franklin, NJ.
  • Retail property zoned RR3.
  • Four parking spaces.
  • Includes a 4-bedroom, 2-bath house (renting for $2,200/month), a separate office/shop ($3,000/month), and a trailer ($500/month).

Property Details for 4271 Route 27

Property type
Day care centers & nurseries, Other retail properties
Lot Size (sq. ft)
346,738 SF

Location Insight

City
Princeton
County
Somerset
State
New Jersey
Latitude
40.4021361
Longitude
-74.5878611
4271 Route 27, Princeton, New Jersey

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4271 Route 27
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