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


Nutley, NJ 07110
$1,300,000 USD
201-917-5884
171-173 Franklin Ave, Nutley, NJ for Sale
$1,300,000 USD
Storefront Retail/Residential - FOR SALE
1/22
null | 6.83% Cap Rate

171-173 Franklin Ave
Nutley, NJ 07110


HIGHLIGHTS

  • ±12,500 SF mixed-use investment property | 5 Units
  • Three residential apartments providing multiple income streams
  • ±2,572 SF street-level retail space along Franklin Avenue
  • ±4,620 SF rear warehouse with substantial ceiling height
  • Approximately 9,000 SF lot measuring roughly 60' × 150'
  • Value-add opportunity with current income and potential rental upside

OVERVIEW

171–173 Franklin Avenue presents a mixed-use investment opportunity in the heart of Nutley’s downtown commercial corridor. The approximately 12,500-square-foot property is situated on a roughly 9,000-square-foot lot measuring approximately 60 feet by 150 feet and includes residential, retail, and warehouse components. Totaling 5 Units. The property contains three residential apartments, an approximately 2,572-square-foot retail space currently occupied by a furniture store, and an approximately 4,620-square-foot rear warehouse with substantial ceiling height. Together, these uses create multiple income streams within one well-located asset. Originally built in 1910 and renovated in 2010, the two-story building is positioned along Franklin Avenue within Nutley’s B-3A Downtown Business district. The combination of apartments, storefront retail, and warehouse space makes the property attractive to investors seeking a diversified mixed-use asset with existing income and future upside through improved rents, management, or repositioning, subject to existing leases and municipal requirements.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$104 USD /SF

CAP RATE

6.83%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

RARE: Nutley Retail, Residential & Warehouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

B-3A

APN/PARCEL ID

16-07604-0000-00019

ASK ABOUT THIS PROPERTY

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201-917-5884

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201-917-5884

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