Date
Details
Price
Change
Source
2/12/2026
Listed
$525,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/15
$525,000 Just Listed
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Property Description
Great investment opportunity on a highly visible highway commercial zone for your business! 3500 SF Building, 2 rented units one 1400 SF office space perfect for your business features 6 individual offices, waiting room, reception area, handicapped bathroom and kitchen. Full usable basement with connected separate entrance and huge parking lot with plenty of parking. Perfect for Doctor, lawyer, dentist, chiropractor, business offices, professional, artist, antique shop, retail shop, coffee shop, auto related sales and so much more! Rent the offices spaces out as a co-op, possibilities are endless! 2 units rented for Income potential Don't wait, you can lease this space immediately, decide to rent to buy and or owner financing available. Amazing location close to everything and only 90 minutes NYC!
Full Property Details
Full Property Details for 165 State Rt 23
General
- Price: $525,000
- Taxes: $14,597 (2024)
- Status: Active
- Type: Office
- Source: Garden_State
- MLS ID: 4009517
- Updated: 2/12/2026
- Added to Site: 2 day(s) ago
Business
- Includes: Lease Only
Rental Information
- Lease/Rent Term: Mixed
- Lease Includes: Building Maintenance, Common Area Maint, Sewer, Taxes, Water
- Lease Terms: 1 Year Minimum
Interior
- Flooring: Carpeting
Rooms
Bathrooms
- Total Bathrooms: 3
- Restrooms: 3
Additional Information
- Equipment: Kitchen Area, Restrooms - Private, Sign - Freestanding, Smoke Detector, Storage Area(s)
Parking
- Garage Spaces: 14
- Total Spaces: 14
- Parking: Parking Lot-Exclusive
Location
- County: Sussex
- Driving Directions: GPS 165 Route 23
- Location Details: Corner, Freestanding
Heating & Cooling
- Cooling Type: 2 Units, Central Air Conditioning, Ductless Split AC
- Heating Type: 1 Unit
- Heating Fuel: Oil Tank Above Ground - Inside
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Gas In Street, Cable TV Available, Garbage Included, Internet Available
Structural Information
- Construction: Wood
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Full, Storage, Unfinished, Walk-Out
- Roof: Asphalt Shingles
- Ceiling Height: 8
- Stories in Building: 2
- Square Feet: 3,500
- Aprox. Leasable: 1,400 Sq. Ft.
- Previous Bldg. Use: office
- Office: 1,400 Sq. Ft.
- Year Built: 1900
- Remodeled/Updated: 2003
Lot Features
- Lot Size (Acres): 1.01
- Lot Size: 1.012 AC
- Permitted Use: office, retail, mixed, res, auto, sales, art
- Zoning: HC-2
- Lot Description: Corner
Financial Considerations
- Price Per Sq. Ft.: $130
- Assessment Amount: $550,000
- Land Assmt: $246,700
- Tax Amount: $14,597
- Tax Year: 2024
- Owner Pays: Maintenance-Lawn, Repairs, Sewer, Water
- Tenant Pays: Cable T.V., Electric, Heat, Snow Removal
- Pays Utilities: Tenant
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Site Plan, Survey Available
- APN: 2806-01504-0000-00018-0000-
- Block: 1504
- Lot Number: 18
Listed by Century 21 Geba Realty
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Listing agent
— 165 State Rt 23 —
Century 21 Geba Realty
973-726-0333
NMLS#: 1598647Get Pre-Approved Today
Price & Sales History for 165 State Rt 23
Tax History
Tax History for 165 State Rt 23
Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,597
-24%
$550,000
-19%
2022
$19,118
3%
$681,000
51%
2021
$18,566
3%
$452,400
—
2020
$17,983
7%
$452,400
—
2018
$16,879
3%
$452,400
—
2017
$16,467
2%
$452,400
—
2016
$16,110
-6%
$452,400
—
2019
$17,169
6%
$452,400
—
2015
$16,155
11%
$452,400
—
2013
$14,519
—
$452,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 165 State Rt 23
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165 State Rt 23, Franklin, NJ 07416 (MLS# 4009517) is a Office property. 165 State Rt 23 is currently listed for $525,000 and was received on February 12, 2026. Want to learn more about 165 State Rt 23? Do you have questions about finding other Office real estate for sale in Franklin? You can browse all Franklin real estate or contact a Coldwell Banker agent to request more information.