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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

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    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.
    (201) 580-2002
    Request Owner's contact information
    171 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
    171 Franklin Ave Nutley, NJ 07110
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