USANJBelleville46 Franklin St
46 Franklin St, Home with 0 bedrooms, 0 bathrooms and null parking in Belleville NJ | Image 1
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$1,400,000

46 Franklin St, Belleville, NJ

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Land
Size -
Garage No
Taxes $20,491
Days Active 1
Lot Size 
Approx. Age 
MLS® Number 3978065

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Prime Development Opportunity ? Mixed-Use Site with Approved PlansAn exceptional investment opportunity awaits with this approved development site in a thriving urban location. This property is fully entitled for the construction of a mixed-use apartment building, featuring 24 residential units and one ground-floor commercial space?Perfectly suited for today?S demand for walkable, community-focused living. The current structure on the lot is generating a Gross Operating Income (GOI) of approximately $100, 000 annually, offering income potential during pre-construction planning. However, the building will need to be demolished to make way for the approved project.Investors and developers will benefit from a 5-year tax abatement, significantly reducing carrying costs and enhancing ROI. Importantly, this project is not designated as affordable housing, allowing for full market-rate rental opportunities. With plans in place, income-producing status, and development-ready approvals, this is a rare turnkey opportunity in a high-growth area.Show Description
MLS® Number3978065
Laundry Level
Central VacNo
FireplaceNo
Acreage0.23
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

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