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171-173 Franklin Ave 12,500 SF 100% Leased Retail Building Nutley, NJ 07110 $1,950,000 ($156/SF) 4.20% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Prime Location
  • Mixed-Use
  • Income Producing Property

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
12,500 SF
Building Class
C
Year Built
1940
Price
$1,950,000
Price Per SF
$156
Cap Rate
4.20%
NOI
$81,900
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.30
Lot Size
0.22 AC
Zoning
N/Av, Nutley - B3A
Frontage
66’ on Franklin Ave

AMENITIES

  • Signage
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 4,600 SF
  • Industrial
  • In-Line
  • 30 Days

Prime warehouse/office space available on highly visible Franklin Avenue in the heart of Nutley. This versatile 4,600 SF space includes 3,600 SF of warehouse area and 1,000 SF of finished office, ideal for contractors, distributors, service businesses, e-commerce operators, and light industrial users. The warehouse features 16' ceiling height, full climate control, and one overhead drive-in door with a private drive-in loading bay, offering excellent functionality for loading, storage, and operations. The office portion includes a kitchenette, private restroom, and multiple rooms for administration or customer-facing uses. A private driveway provides convenient vehicle access and on-site parking. Located within the B-3A zoning district, the property supports a wide range of commercial and light industrial uses (confirm specific use with the township).

Space Size Space Use Position Available
1st Floor 4,600 SF Industrial In-Line 30 Days

1st Floor

Size
4,600 SF
Space Use
Industrial
Position
In-Line
Available
30 Days

1st Floor

Size 4,600 SF
Space Use Industrial
Position In-Line
Available 30 Days

Prime warehouse/office space available on highly visible Franklin Avenue in the heart of Nutley. This versatile 4,600 SF space includes 3,600 SF of warehouse area and 1,000 SF of finished office, ideal for contractors, distributors, service businesses, e-commerce operators, and light industrial users. The warehouse features 16' ceiling height, full climate control, and one overhead drive-in door with a private drive-in loading bay, offering excellent functionality for loading, storage, and operations. The office portion includes a kitchenette, private restroom, and multiple rooms for administration or customer-facing uses. A private driveway provides convenient vehicle access and on-site parking. Located within the B-3A zoning district, the property supports a wide range of commercial and light industrial uses (confirm specific use with the township).

Walk Score®
Walker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Chase Bank
TD Bank
Blink Fitness
Provident Bank
Valley National Bank
Capital One
PNC Bank
Starbucks
Krauszer's Food Stores
ShopRite

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-07604-0000-00019
Land Assessment
$510,000
Improvements Assessment
$546,900
Total Assessment
$1,056,900
  • Listing ID: 38439509

  • Date on Market: 11/13/2025

  • Last Updated:

  • Address: 171-173 Franklin Ave, Nutley, NJ 07110

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