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Business For Sale in Franklin Lakes, NJ
 

Map

MLS# : 24014845

Street : 856 Franklin Avenue
Price : $399,999
Town : Franklin Lakes, NJ 07417
General Tax Rate (2023) : 1.729%

PROPERTY DETAILS

Use : Merchandise/Food
Type : Other
Basement : None
Utilities : Sep Elec, Sep Gas, Sep Heat, Sep Water
Owner Pays : None

PROPERTY DESCRIPTION

Seize this rare opportunity to own a highly successful sushi restaurant located in the vibrant heart of Franklin Lakes, NJ. Nestled in a busy supermarket strip mall with excellent highway access, this restaurant enjoys high visibility and steady foot traffic. The 1,350 sq ft space is thoughtfully designed to accommodate 40 guests comfortably, combining a welcoming atmosphere with operational efficiency. With over 20 years of proven success, this turnkey operation boasts a dedicated customer base and substantial growth potential. The restaurant offers favorable lease terms, ensuring a smooth transition for the new owner. Whether you are an aspiring entrepreneur or a seasoned restaurateur, this is a perfect chance to take the reins of a beloved local sushi spot and drive it to new heights. Don't miss out on this exceptional opportunity to own a profitable and well-regarded establishment in a prime location.

Amenities

This listing is a courtesy of Real
(855) 450-0442 office, listing agent Rich Kim

About Franklin Lakes, NJ Real Estate Market

A large borough spread over 9.88 square miles, Franklin Lakes is one of the most well-to-do boroughs in Bergen County in New Jersey. Franklin Lakes shares its borders with multiple boroughs from different counties, such as Oakland, Mahwah and Wyckoff from Bergen County and Wayne and North Haledon from the Passaic County.

The borough of Franklin Lakes was founded in 1922 from the portions of Franklin Township under the act of the New Jersey Legislature. The town is named after Benjamin Franklin’s son, William Franklin, who was the last colonial governor of New Jersey.

Currently home to around 10,500 people, Franklin Lakes is one of the highest-income communities from Bergen County. The residents of the borough have a median household income of $160,000. Franklin Lakes is home to Becton Dickinson, one of the Fortune 500 companies in the world. It also has the headquarters of Medco Health Solutions. Several reality TV shows, such as The Real Housewives of New Jersey, My Super Sweet 16 and My Big Fat Fabulous Wedding, were shot in Franklin Lakes.

The borough of Franklin Lakes has many water bodies and places, which make the place look beautiful, such as Blauvelt Lakes, Bakers Pond, Ferdinands Mills, Campgaw, Crystal Lakes, Hopper Lake, Shadow Lake and Pulis Mills. You can contact New Jersey real estate agents for finding homes at a close proximity to these lakes.
Population:  10,590
Total Housing Units:  3,692
Single Family Homes:  3,452
General Tax Rate (2023):  1.729%
Effective Tax Rate (2023):  1.416%
Compare To Other Towns

Franklin Lakes Market Indicators

PRICE INDEX

Average Price* (12mo):  $1,394,771
Homes Sold* (12mo):  80
PRICE INDEX
SINGLE FAMILY HOME SALES

Franklin Lakes, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX
 

Download Full Home Sales Report

REAL ESTATE TAXES

General Tax Rate (2023):  1.729%
Effective Tax Rate (2023):  1.416%
GENRAL TAX RATE - Franklin Lakes, NJ



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    MADISON ADAMSTM

    office: 201-760-1100
    84 E Ridgewood Ave, Suite 201
    Ridgewood, NJ 07450
    201-760-1100 (office)
    201-760-1102 (fax)

    Contact Info

    FOR APPOINTMENTS CONTACT


    Sales Associate
    610-844-6866 (cell)

    Madisom Adams Sales Associate Maria Cisneros Martinez


    Managing Partner
    Broker Associate
    646-279-8233 (cell)

    Madisom Adams Broker Associate Helena Lobo-Zagorski


    Licensed as Marek Zagorski
    Broker
    201-478-3185 (cell)

    Madisom Adams Broker Marek Zagorski


    Real estate inventory
    Franklin Lakes
    Homes : $965,000 - 7,360,000 32 avail
    Condos : -
    Co-ops : -
    Twnhs : -
    2-4 Fam : -
    5+ Fam : -
    Land : $799,000 - 799,000 1 avail
    Rentals : $3,900 - 16,000 7 avail
    Mixd Use : -
    Com S : -
    Com L : -
    Biz : $125,000 - 399,999 2 avail


    42 SEE ALL

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    More Listings in Franklin Lakes

    The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
    NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc. All information deemed reliable but not guaranteed. Last date updated: 11/21/2024 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2024 New Jersey Multiple Listing Service, Inc. All rights reserved.”


    General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.

    Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.

    Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury

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    Madison AdamsTM

    84 E Ridgewood Ave, Suite 201
    Ridgewood, NJ 07450
    201 760-1100 (office)
    201 760-1102 (fax)
    office@madisonadams.com