171 Franklin Ave , Nutley Twp., Essex 07110-2940
- $1,950,000
- 4
- 12500 Sqft
171 Franklin Ave , Nutley Twp., Essex 07110-2940
- $1,950,000
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 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.
Address
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Address: 171 Franklin Ave
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City: Nutley Twp.
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State/county: Essex
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Zip/Postal Code: 07110-2940
Details
Updated on November 13, 2025 at 2:10 pm-
Property ID HZ3997708
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Price $1,950,000
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Property Size 12500 Sqft
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Land Area 0.21 Acres
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Garages 4
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Garage Size x x
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Year Built 1910
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Property Status Active
Additional details
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Roof Asphalt Shingle, Flat
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Utilities All Underground
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Sewer Public Sewer
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Cooling 4+ Units
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Heating 4+ Units
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Flooring Carpeting, Concrete, Laminate, Tile, Vinyl-Linoleum
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County Essex
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Property Type MixedUse
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