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691 Franklin Ave 2,498 SF 100% Leased Retail Building Nutley, NJ 07110 $735,000 ($294.24/SF)
INVESTMENT HIGHLIGHTS
- Corner Lot
- Possibility to build up AND out
- High Exposure
EXECUTIVE SUMMARY
Opportunity for investor or business owner looking for a mixed-use property on a corner lot in the downtown area of Nutley. This unique property currently has one commercial space attached to a residential home. Property is zoned for commercial and/or neighborhood business, making the options numerous from an attorney's office to a potential coffee shop. There is a good amount of available space from the building itself to the public sidewalk. The location and proximity to NYC bus stop right on corner, Route 3, train transportation, ON3 Campus and downtown shops make this an ideal property. Both tenants are aware they may have to vacate. Currently on month-to-month agreements. Dance Studio: $3,500/month, Tenant $1,500/month
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
2,498 SF
Building Class
C
Year Built/Renovated
1790/1960
Price
$735,000
Price Per SF
$294.24
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.40
Lot Size
0.15 AC
Zoning
B-1, B-2 Zoning - B-1, B-2 Zoning. See: https://ecode360.com/29738736#29738736
Parking
2 Spaces (0.8 Spaces per 1,000 SF Leased)
Frontage
64’ on Franklin Ave
AMENITIES
- Corner Lot
- Signage
Walk Score®
Very Walkable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16-02001-0000-00015 | Improvements Assessment | $343,100 |
| Land Assessment | $455,900 | Total Assessment | $799,000 |
PROPERTY TAXES
Parcel Number
16-02001-0000-00015
Land Assessment
$455,900
Improvements Assessment
$343,100
Total Assessment
$799,000
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691 Franklin Ave
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