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Nutley Center Office/Retail Space

199 Franklin, Nutley, NJ 07110

For Lease
$2,400/Mo

Office or retail space in a prime Nutley location.

Space SizeContact for details
Days on Market801

Property Features for 199 Franklin

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $43,325
Listing Agency: CENTURY 21 AWARD AGENCY
Listed By: ANGELA SICOLI · License NJ #8334735
Source: Corcoran
Added: Sep 5, 2024 Changed: Mar 16 Last Checked: Mar 16 at 9:08AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 AWARD AGENCY

Rey
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Investment Insights

Based on property information with market context.

Located in the center of Nutley, this property is suitable for office or retail use, excluding food-related businesses. On-street parking is available, with municipal parking lots located across the street. The rental rate includes heat, hot water, and property taxes.

Key Highlights

  • Prime location in Nutley center, ideal for businesses seeking high visibility.
  • Suitable for office or retail use, offering flexibility for various business types.
  • Rent includes heat, hot water, and property taxes, simplifying budgeting.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Rug Depot Carpet & Flooring Store

Suggested Use

Top Pick Real Estate Agency Auto Parts Store (Bike/Boat/Book/etc) Store Hotel & Motel Nursing Home Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,409
Businesses Nearby

Demographics for 07110, NJ

30,149
Population
11,981
Households
2.5
Avg Household Size
41
Median Age
50%
College-Educated
94%
High-School Grad
3.4 sq mi
ZIP Area
8,867
Density / Sq Mi
$115,215
Median Household Income
$67,621
Median Earnings
$1,698
Median Rent
$489,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF/Yr for Office Units in Essex County, NJ

$26.15 Jul
$29.32 Aug
$51.55 Sep
$42.56 Oct

Properties on Market for Office Units in Essex County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Office or retail space in a prime Nutley location.
Where is this office unit located?
The property is located at 199 Franklin Nutley, NJ.
What is the lease rate?
The lease rate is $2,400/Mo.
What are key features of this property?
This property features: Prime location in Nutley center, ideal for businesses seeking high visibility.; Suitable for office or retail use, offering flexibility for various business types.; Rent includes heat, hot water, and property taxes, simplifying budgeting.
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