171 Franklin Avenue
$1,950,000
171 Franklin Avenue, Essex, Nutley Township, NJ 07110
4.2
Cap Rate
81,628
NOI
Details:
Highlights:
- Annual Tax: $ 27817.0
- Average Floor Size: 4000.0
- Average Occupancy Rate: 100.0
- Gross Income: $ 122760.0
- Water: Municipal Water
- Sewer: City
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.
Listing ID: 1f0ded08-458a-4e44-9b89-56b99bb36d92
Location
Gallery
