Franklin Lakes, NJ High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Franklin Lakes, New Jersey Market population: 11K. Browse multifamily, office, retail, industrial, and mixed-use...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Franklin Lakes NJ Properties: 1.6900%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Franklin Lakes NJ
Common questions from investors exploring commercial real estate in Franklin Lakes NJ.
What's the overall investment outlook for Franklin Lakes, NJ?
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The combination of a high median household income of $149,671, low poverty rate of 2.5%, and excellent health insurance coverage of 97.6% suggests a stable and desirable market for real estate investment, with a strong potential for rental income and property appreciation.
How does the local economy impact real estate demand in Franklin Lakes?
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The top industries in Franklin Lakes, including Manufacturing, Finance & Insurance, and Information, drive employment and attract a diverse workforce, with 4,773 employed individuals, which in turn fuels demand for housing, particularly given the town's high homeownership rate of 88.4% and relatively short average commute time of 33.4 minutes.
What role does ethnic diversity play in the Franklin Lakes real estate market?
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The ethnic diversity of Franklin Lakes, with a population that is 44.4% White, 42.3% White Non-Hispanic, and 4.7% Asian, contributes to a vibrant and inclusive community, which can attract a wide range of residents and support a stable rental market, especially when combined with the town's high median property value of $954,700 and low poverty rate of 2.5%.
How do quality of life factors influence the attractiveness of Franklin Lakes for real estate investors?
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The average commute time of 33.4 minutes, the prevalence of driving alone and working from home as commute methods, and the high health insurance coverage rate of 97.6% all indicate a high quality of life in Franklin Lakes, making it an attractive location for residents and thereby supporting the local real estate market, with a strong potential for long-term property appreciation.
What are the implications of the income inequality and poverty rate for real estate investors in Franklin Lakes?
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The GINI coefficient of 0.501 and poverty rate of 2.5% in Franklin Lakes suggest a relatively stable and affluent community, with a strong tax base given the median property taxes of $3,254, which can support local services and infrastructure, making it an attractive location for real estate investment, particularly when considering the town's high median household income of $149,671 and excellent health insurance coverage.
Franklin Lakes NJ Real Estate & City Facts
Key facts and real estate information about Franklin Lakes NJ.
What are some of the best neighborhoods to live in Franklin Lakes?
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Some of the best neighborhoods to live in Franklin Lakes include Baker Pond, which is known for its peaceful atmosphere and beautiful yards. The southwest parts of the city tend to be more desirable, while the northwest regions offer more affordable homes. Other neighborhoods to consider are those near the Franklin Lakes Nature Preserve and High Mountain Park.
What are some fun things to do in Franklin Lakes?
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There are plenty of fun things to do in Franklin Lakes, including visiting the Franklin Lakes Nature Preserve, High Mountain Park, and the G. Thomas Donch Nature Preserve. You can also explore the Lorrimer Sanctuary, Parson Pond Park, and Crooked Pond. If you're looking for something more unique, check out the Indian Trail Club or the Five 13 Liquor Lounge.
What is the food scene like in Franklin Lakes?
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The food scene in Franklin Lakes is diverse and exciting, with plenty of great restaurants to choose from. Some popular spots include Pazza, which serves wood-fired pizza and Italian cuisine, and Harmony Mediterranean Grill, which offers a range of Mediterranean dishes. You can also find great food at Farm & Flour, Harvest and Ale, and Naru Restaurant. There are also plenty of great food trucks and casual eateries to grab a quick bite.
What are the pros and cons of living in Franklin Lakes?
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The pros of living in Franklin Lakes include its natural beauty, top-rated public schools, and upscale lifestyle. However, some cons to consider are the high cost of living, with median property values over $900,000 and median property taxes over $3,000. Additionally, the area can be quite affluent, which may not be suitable for everyone's budget or lifestyle. Despite these challenges, many residents find the quality of life in Franklin Lakes to be exceptionally high.
Is Franklin Lakes a good place to live?
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Overall, Franklin Lakes is a great place to live for those who value natural beauty, good schools, and an upscale lifestyle. While it may come with a higher price tag, the area offers a unique blend of tranquility and convenience, with plenty of outdoor activities and amenities to enjoy. As with any place, it's essential to weigh the pros and cons and consider your individual priorities and budget before making a decision. But for many, Franklin Lakes is an excellent choice for those looking for a high quality of life in a beautiful and desirable location.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Franklin Lakes NJ Commercial Property: $149,671
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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