$1,950,000 - 171 Franklin Ave, Nutley Twp.
- -
- Bedrooms
- -
- Baths
- 12,500
- SQ. Feet
- 0.21
- Acres
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 4.19% cap rate at the $1,950,000 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.
Essential Information
-
- MLS® #:
- 3997708
-
- Price:
- $1,950,000
-
- Square Footage:
- 12,500
-
- Acres:
- 0.21
-
- Year Built:
- 1910
-
- Type:
- Commercial
-
- Status:
- Active
Community Information
-
- Address:
- 171 Franklin Ave
-
- City:
- Nutley Twp.
-
- County:
- Essex
-
- State:
- NJ
-
- Zip Code:
- 07110-2940
Amenities
-
- Utilities:
- All Underground
-
- Parking:
- 1 Car Width, Driveway-Exclusive
Interior
-
- Heating:
- Gas-Natural, Oil Tank Above Ground - Inside
-
- # of Stories:
- 2
Exterior
-
- Exterior:
- Vinyl Siding
-
- Lot Description:
- Level Lot
-
- Roof:
- Asphalt Shingle, Flat
Additional Information
-
- Date Listed:
- November 13th, 2025
-
- Days on Market:
- 1
-
- Zoning:
- B3A
Listing Details
- Listing Office:
- Century 21 The Crossing