Prime Office Building for Sale at 500 Franklin Turnpike
FOR SALE
$25,000,000
500 Franklin Turnpike, Ramsey, NJ 07446
136,481 SF
Square Feet
$183
PPSF
8.38%
CAP
Property Description
NOI
$2,094,946
Cap Rate
8.38%
Located in the vibrant town of Ramsey, NJ, this premier office building features 136,481 rentable square feet across three stories on nearly eight acres of land. Built in 1989, the property offers exceptional 13-foot ceilings, ample natural light, and 685 striped parking spots. Its strategic position at the intersection of North Franklin Turnpike and Hilltop Road ensures visibility and accessibility.
Surrounded by affluent neighborhoods, the property benefits from strong demographics, including a $160,000+ median household income and proximity to major employers, national retailers, and transportation links. Zoned for laboratory and office use, the building caters to diverse tenant needs, making it a flexible and future-ready investment asset.
Property Details
Asset Type
Office
Year Built
1989
Zoning
Laboratory and Office Building District
Acres
8
Neighborhood
Bergen County
Submarket
Ramsey
ZIP
07446
Renovated
2019
Listing Type
sale
30 years
10 years
Net Operating Income (NOI)
$3,323,632
Debt Service Coverage Ratio (DSCR)
2.34x
Cap Rate
13.29%
Cash Flow (Annual)
$1,901,479
Cash-on-Cash Return
30.42%
Monthly Debt Service
$118,513
Annual Debt Service
$1,422,153
View on Map
Address
500 Franklin Turnpike
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Ramsey Office Market Snapshot
Boundary boundary · Office · Sale
No investors found in this market.