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    527 Franklin Ave Nutley, NJ 07110

    For Sale
    $2,975,000

    Commercial - Nutley Twp., NJ

    Property size:
    7,000 SF
    Lot size:
    0.17 Acres
    Days on Market:
    220
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 527 Franklin Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    mixed
    Parking features
    Parking Lot
    Size
    7,000 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Ductless, Multi Units

    Building Details

    Year built
    1941
    Floors in Building
    2
    Number of units
    5
    Flooring type
    Carpet, Linoleum, Vinyl, Wood
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Coldwell Banker Franklin Realty (973) 235-1312 [email protected]

    Listing agent JANET DEPALMA (973) 235-1312

    Listing date Apr 30, 2025

    MLS# 3952843 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Nutley

    This mixed-use property in Nutley Twp., NJ, presents an opportunity to be part of the area's new development. The 7,000 square foot building is situated on a 0.17-acre lot and is currently used as a real estate office with five other ancillary businesses. The zoning is mixed, allowing for a variety of uses. The property includes four apartments above the commercial space, offering the option to live or rent. It features private off-street parking behind and adjacent to the building, which is not a common driveway. Owner financing is available to qualified buyers at a discounted rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stephen Berowitz Law Attorney Locate Marketing Marketing Agency Law Office of Joseph ... Attorney Sobel Bixel: Consulting ... Consultant Coldwell Banker Real Estate Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nutley
    County
    Essex
    State
    New Jersey
    Longitude
    -74.154895299401
    Latitude
    40.824153399045

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with commercial space and four apartments in Nutley.
    Where is this mixed-use property located?
    The property is located at 527 Franklin Ave Nutley, NJ.
    What is the asking price?
    The asking price for this property is $2,975,000.
    What are key features of this property?
    This property features: - Mixed-use property: **Operate a business downstairs and generate income from four apartments above.**; - Private, off-street parking lot.; - Owner financing available to qualified buyers at a discounted rate.
    (973) 235-1312
    Request Owner's contact information
    527 Franklin Ave Nutley, NJ 07110
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    Nutley, NJ 07110
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    527 Franklin Ave Nutley, NJ 07110
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