Property

Nutley Twp., NJ 07110 171 Franklin Ave

171 Franklin Ave Nutley Twp., NJ - Image 1171 Franklin Ave Nutley Twp., NJ - Image 2171 Franklin Ave Nutley Twp., NJ - Image 3
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Presented By: CENTURY 21 THE CROSSING; 201-580-2002
  • MLS# 3997708
  • 11/13/2025
  • Request Tour
  • Request Info
  • Full/Half Baths • 0 / 5
  • SQFT • 12,500
  • Garage • 4

Home Details

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.
Presented By: CENTURY 21 THE CROSSING; 201-580-2002

Interior Features for 171 Franklin Ave

Bathrooms

Num Units w/Full Bath3
Num Units w/Half Bath2
Half Baths5

Other Interior Features

Price Per Sq Ft156.00
Available Sq Ft12500
Num 1 Bdrm Units3
BasementBilco-Style Door, Full
FlooringCarpeting, Concrete, Laminate, Tile, Vinyl-Linoleum
Fuel TypeGas-Natural, Oil Tank Above Ground - Inside
Total Stories2

General for 171 Franklin Ave

Cap Rate4.20
ConstructionBrick/Block
Cooling4+ Units
CountyEssex
DirectionsFranklin Avenue
Documents AvailableIncome & Expenses, Leases
Drive1 Car Width, Driveway-Exclusive
EasementNo
Equipment AvailableRestrooms - Private, Storage Area(s)
Garage Spaces4
Gross Income122760
Heating4+ Units
Leasable Area1000
LocationBusiness District
Net Operating Income81628
Num Apts3
Number Of Units Total5
Operating Expense41132
OwnershipFee Simple
Possession0-30
Property TypeMixed Use
Property TypeMixedUse
RoofAsphalt Shingle, Flat
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount27817
Tax Assessed Value1056900
Tax Lot19
Tax Year2024
Town #1616
TownshipNutley Twp.
UtilitiesAll Underground
Utilities Paid ByTenant
Year Built1910
ZoningB3A

Exterior for 171 Franklin Ave

Building Area Total12500
Exterior DescriptionVinyl Siding
Lot Dimensions60X150
Lot FeaturesLevel Lot
Lot Size Acres0.21
Max Ceiling Height16
Max Door Height15
Number of Bays1
Number of Docks0
Number of Doors1
Water SourcePublic Water

Additional Details

Price History

Tina Torres

Broker/Owner
Price $1,950,000
MLS#3997708
List Date 11/13/2025
Property Type Commercial
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