Listing Details

171 Franklin Ave,Nutley Twp., NJ 07110-2940

  • February 23, 2026

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.

Details

Last Updated On: February 23rd, 2026 at 8:13 pm
Property ID:PT-29527656-AXZR
Offer Type:For Sale
Property Type:Mixed Use
Price: 1,359,000 $
Year Built:1910

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 60X150
Lot Description: Level Lot
Office SqFt: 1000
Property Type: Mixed Use, Store With Office
Lot Identifier: 19

Home Details

Location: Business District
Acreage: 0.21
Sale Includes: Building & Land
Construction: Brick/Block
Exterior Description: Vinyl Siding
Roof Description: Asphalt Shingle, Flat
Number of Garage Spaces: 4
Number of Stories: 2
Number of Units: 5
Number of Lavatories: 5
Max Ceiling Height: 16
Max Door Height: 15
Floors: Carpeting, Concrete, Laminate, Tile, Vinyl-Linoleum
Available SqFt: 12500
Building SqFt: 12500
Parking Desc: 1 Car Width, Driveway-Exclusive
Easement/Desc: No
Basmnt/Desc: Yes - Bilco-Style Door, Full
YB/Desc: 1910 - Approximate
Block Identifier: 7604
County Number: 16
Town Number: 1616
Possession: 0-30

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Documents Available: Income & Expenses, Leases
Ownership: Fee Simple
Tax ID For Property: 1616-07604-0000-00019-0000-
Tax Amount: $27,817.00
Tax Year: 2024
Tax Rate: 2.632%
Tax Rate Year: 2025
Land Assessment: $510,000.00
Building Assessment: $546,900.00
Total Assessment: $1,056,900.00

Utilities

Equipment Available: Restrooms - Private, Storage Area(s)
Heat Source: Gas-Natural, Oil Tank Above Ground - Inside
Heat System: 4+ Units
Cool System: 4+ Units
Water: Public Water
Sewer: Public Sewer
Utilities: All Underground

Other

Zoning: B3A

Statistics

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