55-57 Washington Ave Nutley, NJ 07110
This exceptional commercial property, located at 55-57 Washington Avenue in Nutley, New Jersey, presents a unique opportunity for developers and investors. The property consists of a vacant lot, offering significant potential for various commercial ventures. Priced affordably at $8,000, this land parcel represents an excellent entry point into the Nutley market. While the exact square footage is not currently specified, the lot size is listed as zero acres, suggesting a potentially smaller footprint ideal for specific commercial uses. The property's "Other" classification indicates flexibility in potential development plans, subject to local zoning regulations and approvals. Given its location on Washington Avenue in Nutley, the property benefits from potential high visibility and accessibility, depending on the specific nature of the development. Further due diligence is recommended to ascertain the precise zoning regulations and permitted uses for the site. This is a rare chance to acquire a commercial lot in a desirable New Jersey location at a highly competitive price. Serious inquiries are encouraged to explore the possibilities this property offers. The absence of existing structures allows for complete design freedom and customization to suit a wide range of commercial needs. This presents a blank canvas for a visionary project in a thriving community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.