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.
171 Franklin Ave, Nutley Twp. NJ 07110-2940
Property City
Nutley Twp.
Property Price
$1,359,000
Year Built
1910
Tax Annual Amount
$27817
TaxYear (*text)
2024
Roof (*text)
Asphalt Shingle, Flat
Floors No
Carpeting, Concrete, Laminate, Tile, Vinyl-Linoleum
Lot Size Area
0.21
MLS Status
Active
MLS #
4011059
Yearly Tax Rate
2.632
Year Built (*numeric)
1910
Basement
Yes
Roofing (*text)
Asphalt Shingle, Flat
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
4+ Units
GarageSpaces
4
Heating
4+ Units
Lot Size Dimensions
60X150
Data import from
GSMLS