171-173 Franklin Ave - Storefront Retail/Residential FOR SALE


Nutley, NJ 07110
$1,950,000 USD
347-856-8424
171-173 Franklin Ave, Nutley, NJ for Sale
$1,950,000 USD
Storefront Retail/Residential - FOR SALE
1/34
null | 4.2% Cap Rate

171-173 Franklin Ave
Nutley, NJ 07110


HIGHLIGHTS

  • Prime Location
  • Income Producing Property
  • Mixed-Use

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

4.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,601 SF

ZONING

N/Av, Nutley

APN/PARCEL ID

16-07604-0000-00019

ASK ABOUT THIS PROPERTY

Jason DionCentury 21-The CrossingMore Info
347-856-8424

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Jason DionCentury 21-The CrossingMore Info
347-856-8424

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.