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    199 Franklin Ave Nutley, NJ 07110

    For Sale
    Contact for pricing

    Prime location, office/retail space available.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional mixed-use property, located at 199 Franklin Avenue, Unit 2, in the heart of Nutley Center, New Jersey, presents a fantastic opportunity for a discerning business. Situated on a 0.17-acre lot, this unit offers a convenient and highly visible location ideal for a variety of office or retail uses (excluding food establishments). The property benefits from ample on-street parking, supplemented by conveniently located municipal parking lots directly across the street, ensuring easy access for clients and employees. This is a truly turnkey solution, as the monthly rent includes heat, hot water, and property taxes, minimizing your operational overhead. The precise square footage is currently unavailable, but the property's central location and included utilities make it an attractive proposition for businesses seeking a cost-effective and accessible space in a thriving commercial district. The vibrant Nutley Center offers a strong local economy and high foot traffic, providing excellent potential for business growth and visibility. This is a rare opportunity to secure a well-situated commercial space in a desirable location. Inquire today to learn more about this exceptional property.

    Property Features for 199 Franklin Ave

    General Information

    Property type
    Mixed-use properties
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1928
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rug Depot Carpet Store

    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
    -74.16282
    Latitude
    40.815

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    FAQs

    What type of property is this?
    Mixed-use property - Prime location, office/retail space available.
    Where is this mixed-use property located?
    The property is located at 199 Franklin Ave Nutley, NJ.
    What is the asking price?
    The asking price for this property is $2,500.
    (973) 661-3808
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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
    199 Franklin Ave Nutley, NJ 07110
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