About 171-173 Franklin Avenue
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.
Features of 171-173 Franklin Avenue
| MLS® # | 25040434 |
|---|---|
| Price | $1,950,000 |
| Bathrooms | 0.00 |
| Type | Commercial Sale/Lease |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 171-173 Franklin Avenue |
|---|---|
| City | Nutley |
| County | ESSEX |
| State | NJ |
| Zip Code | 07110 |
Amenities
| Utilities | Sep Elec, Sep Gas |
|---|---|
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
Interior
| Heating | Baseboard, Central, Natural Gas, Hot Water, Oil |
|---|---|
| Cooling | Central Air, Gas |
| Fireplace | No |
| Has Basement | No |
Additional Information
| Date Listed | November 13th, 2025 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jason R. Dion |
|---|---|
| Office | Century 21 The Crossing-Midland Park |