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    629 Franklin Ave, Unit Nutley Twp. Nutley, NJ 07110

    For Sale
    $995,000

    Mixed-use property featuring commercial space and two residential units.

    Property size:
    3,720 SF

    Property Features for 629 Franklin Ave

    General Information

    Size
    3,720 SF

    Building Details

    Year built
    1920

    Source: REALTY EXECUTIVES EXCEPTIONAL Agent LAUREN JOHNSON

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

    Overview

    Mixed-Use Property with Rental Income

    This mixed-use property offers a commercial space on the first floor, previously configured as a dental practice, and two residential rental units on the second floor. The first floor includes an entrance vestibule, waiting area, front desk area, six patient rooms, a private office with a half bath, a lab, two additional half baths, and a kitchen area, along with closet and storage space. The basement is also used for storage. The second floor contains two residential apartments with month-to-month leases. Apartment A is a multi-floor unit with two bedrooms and one bath, featuring sizable rooms and closet space. Apartment B is a one-bedroom, one-bath unit with a side entrance. The property is zoned B-1, allowing for a variety of opportunities. An exclusive driveway provides ample parking. The property size is 3720 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Todd L. Jolly, ... Dentist

    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
    -74.1514893
    Latitude
    40.8266108

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring commercial space and two residential units.
    Where is this mixed-use property located?
    The property is located at 629 Franklin Ave, Unit Nutley Twp. 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: - Mixed-use property with commercial space and two residential units offers diverse income potential.; - Prime location in town with B-1 zoning allows for a variety of business opportunities.; - First floor commercial space previously used as a dental practice with included equipment option.
    (973) 575-6700
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    629 Franklin Ave, Unit Nutley Twp. 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
    629 Franklin Ave, Unit Nutley Twp. Nutley, NJ 07110
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