SWIPE FOR MORE IMAGES
$1,950,000 USD
171 Franklin Avenue
Essex, Nutley Township, New Jersey 07110
USA
Essex, Nutley Township, New Jersey 07110
USA
1,161.25 m2 ::
12,500 sqft
3 full baths, 2 half baths
Commercial for Sale, Other Commercial Property
Land size: 0.081 ha ::
0.20 acres
Sale price per sqm: 1,679.17
Tax: 27,817 USD
Remarks:
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.
Features:
- Number of Levels: 2
- Ceiling height: 16
- Utilities: Municipal Water, City sewer
- Number of parking spaces: 4
Location:
171 Franklin Avenue, Essex, Nutley Township, New Jersey 07110, USA
Listed By CENTURY 21 The Crossing
The Commercial for Sale, Other Commercial Property located at 171 Franklin Avenue, Essex, Nutley Township, New Jersey 07110, USA is currently for sale. 171 Franklin Avenue, Essex, Nutley Township, New Jersey 07110, USA is listed for $1,950,000 USD. This property has 3 full baths, 2 half baths and 12,500 sqft. If the property located at 171 Franklin Avenue, Essex, Nutley Township, New Jersey 07110, USA isn't what you're looking for, search Essex, New Jersey Real Estate to see other Commercial For Sale in Essex, Nutley Township.
