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171 Franklin Ave Nutley, NJ 07110

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For Sale
$1,950,000

Mixed-use property with warehouse, storefront, and apartments in Nutley.

Lot size:
0.21 Acres

Property Features for 171 Franklin Ave

General Information

Lot size
0.21 Acres

Building Details

Year built
1910

Source: CENTURY 21 THE CROSSING Agent JASON R. DION

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


Overview

Mixed-Use Income Property in Nutley

This mixed-use income property is located in the Franklin Avenue corridor of Nutley. The property is fully leased and income-producing, generating a gross annual income of $122,760 and a net operating income of $81,628, resulting in a 4.19% capitalization rate. The property features a 4,600 square foot warehouse with a 1,000 square foot office, a retail storefront with high visibility, and three residential units. A private driveway provides direct access to the warehouse. The location offers excellent visibility and a walkable downtown environment. The property presents an investment or owner-user opportunity. The tenant mix, income, and potential for rent growth make this property suitable for long-term ownership in Essex County.
Location Intelligence

Current Use by Public Records

Storefront properties

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
-74.1635324
Latitude
40.8139196

FAQs

What type of property is this?
Mixed-use property - Mixed-use property with warehouse, storefront, and apartments in Nutley.
Where is this mixed-use property located?
The property is located at 171 Franklin Ave Nutley, NJ.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: - Fully leased, income-producing property with **$122,760 gross annual income and $81,628 NOI**; - 4.19% cap rate at the $1,950,000 asking price.; - Prime mixed-use property: warehouse (4,600 SF with 1,000 SF office), retail storefront, and three apartments.
More about this property
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