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Property profile

236 Franklin Ave Nutley, NJ 07110

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional commercial property at 236 Franklin Avenue in Nutley, New Jersey, presents a rare opportunity to acquire a thriving, established restaurant. Offered at $250,000, this turnkey operation boasts a rich history, having served the Nutley community for 22 years. The property is classified as retail and land, encompassing a well-established restaurant business. The building is located in the heart of Nutley's center, ensuring high visibility and convenient access for customers. A significant advantage is the availability of municipal parking directly behind the building, providing ample parking for patrons. All existing restaurant equipment is included in the sale, minimizing the initial investment required for a new owner. Furthermore, the property features a newer walk-in freezer located in the basement, providing essential storage capacity for food and supplies. The property's address is 236 Franklin Avenue, Nutley, NJ 07110, situated in Essex County. This is an ideal opportunity for an experienced restaurateur looking to acquire an established business with a proven track record in a desirable location, or for an investor seeking a strong return on investment in a thriving commercial area. The property's location at latitude 40.81579 and longitude -74.1618552 provides easy access to major transportation routes. This is a truly unique opportunity not to be missed.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Hair Salon Nail Salon

Location

236 Franklin Ave Nutley, NJ 07110
Nutley metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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