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    120 Franklin Ave Nutley, NJ 07110

    For Sale
    $995,000

    Retail unit with two apartments in Nutley's business district.

    Property Features for 120 Franklin Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1930

    Source: C-21 AWARD AGENCY Agent DENNIS DECARLO

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Nutley Mixed-Use Investment Opportunity

    Located in Nutley's business district, this property features a retail unit and two apartments. The rear building was previously utilized as a dance studio. The property includes parking space for 8 cars, with additional parking available on the street. This property is being sold "as-is" and presents a potential investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dancesation Dance School Caffè Rosalba Coffee Shop Art on the Ave Paint ... Art Studio

    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
    -74.1643487
    Latitude
    40.8123717

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    FAQs

    What type of property is this?
    Mixed-use property - Retail unit with two apartments in Nutley's business district.
    Where is this mixed-use property located?
    The property is located at 120 Franklin Ave Nutley, NJ.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Prime location in Nutley's business district.; - Retail unit with two apartments provides diverse income streams.; - Parking for 8 cars plus street parking.
    Request Owner's contact information
    120 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
    120 Franklin Ave Nutley, NJ 07110
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