Financial
Distress signals
Property profile

507 Franklin Ave Nutley, NJ 07110

OFF-MARKET
Other commercial real estate
Property ID
US59-0549808
0.18 ac lot Built 1964
Last sale Sep 2025 · $990,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a 3,784-square-foot restaurant and bar with a liquor license for Broad C licensing. It is configured with 128 indoor seats and provides additional outdoor seating. Customer parking is supported by a dedicated rear parking lot with direct access to a municipal parking lot, with additional street parking available along the frontage. The restaurant layout includes expandable capacity for increased operations.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$29k
Tax billed · 2022
Assessed value · 2023$1.05M
Assessed land$458k
Assessed improvement$592k
Effective rate2.72%

Value estimate

· Sep 2026
$990k
$891k – $1.09M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$295/SF
County average, outlier-cleaned · 734 recorded sales of this use type
Observed band · Q1–Q3$160 – $468

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-3
Permitted uses in B-3 Zoning District. The following uses are permitted in the B-3 Zoning District: Professional and business offices. Fi...
General categoryCOMMERCIAL
JurisdictionESSEX

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service10.7
Pawn Shop10.0
Parking Facility9.9

Location

507 Franklin Ave Nutley, NJ 07110-1719
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
513 Franklin, Nutley, NJ 07110-1746 $1,250,000 Dec 2025 2,336 SF
255 Franklin, Nutley, NJ 07110-2710 $2,211,000 Sep 2025 N/A
113 Saint Marys, Nutley, NJ 07110 $375,000 Aug 2025 N/A
226 Franklin, Nutley, NJ 07110-4701 $1,875,000 Jun 2025 N/A
521 Franklin, Nutley, NJ 07110-1771 $990,000 May 2025 2,159 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 507 Franklin Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message