NJ > Nutley Twp.
Nutley Twp., NJ 07110,171 Franklin Ave
Nutley Twp., NJ 07110,171 Franklin Ave
Nutley Twp., NJ 07110,171 Franklin Ave
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$1,950,000
Est. payment /mo
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12,500 SqFt
New

171 Franklin Ave Nutley Twp., NJ 07110

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Radhames Tatis

Radhames Tatis

+1(201) 250-3739

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Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 12,500 sqft

Price per Sqft $156

MLS Listing ID 3997708

Year Built 1910

Annual Tax Amount $27,817

Tax Year 2024

Lot Size 9,147 Sqft

Property Sub-Type Mixed Use

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 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.

Location

State NJ

County Essex

Zoning B3A

Rooms

Basement Bilco-Style Door, Full

Interior

Heating Gas-Natural, Oil Tank Above Ground - Inside

Cooling 4+ Units

Flooring Carpeting, Concrete, Laminate, Tile, Vinyl-Linoleum

Equipment Restrooms - Private, Storage Area(s)

Heat Source Gas-Natural, Oil Tank Above Ground - Inside

Exterior

Exterior Feature Vinyl Siding

Utilities Available All Underground

Roof Type Asphalt Shingle, Flat

Building

Lot Description Level Lot

Story 2

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by CENTURY 21 THE CROSSING

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Radhames Tatis

Radhames Tatis

Agent | License ID: 2076013

+1(201) 250-3739

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