NJ > Nutley Twp.
Nutley Twp., NJ 07110,171 Franklin Ave
Nutley Twp., NJ 07110,171 Franklin Ave
Nutley Twp., NJ 07110,171 Franklin Ave
Nutley Twp., NJ 07110,171 Franklin Ave
Nutley Twp., NJ 07110,171 Franklin Ave
Nutley Twp., NJ 07110,171 Franklin Ave
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Tolga (Tony) Erzene

Tolga (Tony) Erzene

+1(973) 626-0175
$ 1,950,000
Est. payment | /mo

12,500 SqFt

Save
$ 1,950,000
Est. payment | /mo
Save

12,500 SqFt

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 12,500 sqft

Price per Sqft $156

MLS Listing ID 3997708

Year Built 1910

Annual Tax Amount $27,817

Tax Year 2024

Lot Size 9,147 Sqft

Property Sub-Type Mixed Use

Property 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.

Location

State NJ

County Essex

Zoning B3A

Rooms

Basement Bilco-Style Door, Full

Interior

Heating Gas-Natural, Oil Tank Above Ground - Inside

Cooling 4+ Units

Flooring Carpeting, Concrete, Laminate, Tile, Vinyl-Linoleum

Equipment Restrooms - Private, Storage Area(s)

Heat Source Gas-Natural, Oil Tank Above Ground - Inside

Exterior

Exterior Feature Vinyl Siding

Utilities Available All Underground

Roof Type Asphalt Shingle, Flat

Building

Lot Description Level Lot

Story 2

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by CENTURY 21 THE CROSSING
Tolga (Tony) Erzene

+1(973) 626-0175

tony@notcityliving.com

Sparta & Warwick Offices

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171 Franklin Ave