171 Franklin Avenue Essex, Nutley Township, NJ 07110
Commercial-Other
MLS #: 3997708
Listed By CENTURY 21 The Crossing
1
Property InformationDescription
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
- Average Floor Size: 4000
- Building Area: 12500.00 SF
- Cap Rate Percentage: 4.2
- Cross Docks: N
- Expenses: 41132.00
- For Auction: N
- Full Bathrooms: 3
- Gross Income: 122760.00
- Half Bathrooms: 2
- Industrial Ground Level: N
- Level Number: 2
- Lot Size In Text: 0.2 Acres
- MLSID: 3997708
- Net Operating Income: 81628.00
- Parking Places: 4
- Price Upon Request: N
- Property Use: Rental or Investment
- Sewer: City
- Style: Other Style
- Sublease: N
- Tax Year: 2025
- Taxes: $27817.00
- Total Units: 5
- Water: Municipal Water
- Zoning: B3A
