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Property profile & analytics

242 Washington Ave Nutley, NJ 07110-3934

  • Commercial real estate
  • 0.46 lot acres
OFF-MARKET
Value Estimations
$655,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US59-1736058
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Legend Title Llc / Title Company
  • KB Visualz Studios / Wedding Service / Photography Service
  • Russo Leonard DC / Alternative Medicine Practice
  • Washington Avenue Total Health Care / Alternative Medicine Practice
  • Dr. Vincent Coppola / Physician

Property Details for 242 Washington Ave

Year built
1971
Lot size
0.46 lot acres
Zone code
B-4
Property type
Commercial real estate
APN
16 06700-0000-00007
APU
1606700000000007

Description

This exceptional 1200-square-foot office space is situated at 242 Washington Avenue in Nutley, New Jersey, zip code 07110. The property, a Class C building constructed in 1971, benefits from a highly visible location on Washington Avenue, near Routes 21 and 3, ensuring excellent accessibility and high traffic exposure. The space is currently configured for multiple tenants and is categorized as both medical and traditional office space, making it suitable for a variety of professional uses. The building features a total of 30 parking spaces, providing ample parking for tenants and clients. Located in the basement, this suite includes all utilities in the lease rate. Shared amenities include a waiting area and restrooms. The property is zoned B-4 and is part of the Nutley submarket within Essex County. The diverse tenant mix currently includes an attorney, dentist, podiatrist, and title company, creating a thriving professional community. This presents a unique opportunity to establish a presence in a well-established and convenient location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $655,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Nutley
County
Essex
State
New Jersey
Longitude
-74.1439
Latitude
40.8139
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$55,178
$753,500
$873,000
$1,626,500
-
$753,500
$873,000
$1,626,500
More about this property
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