SQUARE FEET12,500
MLS#4011059
STATUS
PROPERTY TYPECommercial - Office
Property Description
Prime mixed-use income property featuring a warehouse, storefront, and three apartments in the heart of Nutley's vibrant Franklin Avenue corridor. Fully leased and income-producing with $122,760 gross annual income and $81,628 NOI, this asset delivers a 6% cap rate at the $1,359,000 asking price. The property includes a 4,600 SF warehouse with 1,000 SF office, a high-visibility retail storefront, and three well-maintained residential units above. A private driveway provides direct access to the warehouse for deliveries and operations. Excellent visibility and walkable downtown location make this a standout investment or owner-user opportunity. Strong tenant mix, steady income, and room for future rent growth make this an ideal long-term hold in a supply-constrained Essex County market.
Property Features
Property Type: Commercial - Office
Basement: Yes
Basement: Bilco-Style Door, Full
Cooling: 4+ Units
Fuel Type: Gas-Natural, Oil Tank Above Ground - Inside
Heating: 4+ Units
Lot Size: 0.21 Acres
Roof Type: Asphalt Shingle, Flat
Stories: 2.0
Taxes: $27,817
Year Built: 1910
Feature Descriptions
Days on Site: 7
Equipment Available: Restrooms - Private, Storage Area(s)
Exterior: Vinyl Siding
Flooring: Carpeting, Concrete, Laminate, Tile, Vinyl-Linoleum
Location: Business District
Lot: Level Lot
Lot Dimensions: 0.21 acre(s)
Max Door height: 15
Number of Doors: 1
Parking: 1 Car Width, Driveway-Exclusive
Sewer: Public Sewer
Units: 5
Utilities: All Underground
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: CENTURY 21 THE CROSSING
Agency Contact: 201-580-2002
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
171 Franklin Ave | MLS# 4011059
This commercial property located at 171 Franklin Ave, Nutley, NJ 07110 is currently listed for sale with an asking price of $1,359,000. Search Nutley real estate on www.realtymarkllc.com today.