For Sale

661 Franklin Ave,Nutley Twp., NJ 07110-1209

September 1, 2026

Fully leased 4,627 SF office building on a 65×162 lot on Franklin Ave near Rt 3. 15 offices currently rented as 9 office suites generating $145,423 in gross annual rent; NOI approximately $85,441.56 (roughly a 8.5% cap rate at asking). On-site parking for at least nine cars. B-1 zoning. Close to downtown Nutley, Route 3, Route 21, GSP, and NJ Transit rail. Financials available upon request.

Property ID:PT-51280132-AXZR

Offer Type:For Sale

Property Type:Free Standing Office

Price: 999,000 $

Year Built:1800

Listing Details

Status: Active

Location

County: Essex

Lotsize: 65X162

Office SqFt: 4627

Property Type: Free Standing Office, Office Building Complex

Lot Identifier: 21

Home Details

Location: Business District, Freestanding

Acreage: 0.24

Sale Includes: Building & Land

Construction: Wood

Exterior Description: Aluminum,Vinyl

Roof Description: Asphalt Shingle

Number of Garage Spaces: 12

Number of Stories: 2

Number of Units: 15

Number of Lavatories: 3

Max Ceiling Height: 9

Max Door Height: 7

Available SqFt: 4627

Building SqFt: 4627

Parking Desc: Blacktop, Driveway-Exclusive, Off-Street Parking, Parking Lot-Exclusive

Easement/Desc: No

Basmnt/Desc: Yes - Finished-Partially, Full, Slab, Storage

YB/Desc: 1800 - Approximate

Block Identifier: 2001

County Number: 16

Town Number: 1616

Possession: at closing

Taxes, Fees & Assessments

For Sale Or Lease: For Sale

Documents Available: Income & Expenses

Ownership: Fee Simple

Tax ID For Property: 1616-02001-0000-00021-0000-

Tax Amount: $29,000.00

Tax Year: 2025

Tax Rate: 2.699%

Tax Rate Year: 2026

Land Assessment: $540,500.00

Building Assessment: $259,500.00

Total Assessment: $800,000.00

Utilities

Equipment Available: Fire Alarm, Kitchen Area, Restrooms - Private, Smoke Detector, Storage Area(s)

Heat Source: Gas-Natural

Heat System: Forced Hot Air

Cool System: Central Air

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

Other

Permitted Use: Offices, Retail, Medical, Mixed Use w/ Residential

Zoning: B-1

Prior Use: Current mix of law and other professional offices.

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Listing Details

661 Franklin Ave,Nutley Twp., NJ 07110-1209

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