171-173 Franklin Avenue, Nutley, NJ 07110

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.

Listing Status:

Active

Date Added:

November 13, 2025 at 06:00AM

Listing Office:

Century 21 The Crossing-Midland Park : 201-580-2002

Listing Agent:

Jason R Dion : 347-856-8424

MLS ID:

25040434

Interior

• Heating: BaseboardCentral AirGasHot WaterOil

Location

• County: ESSEX

Utilities

• Utilities: Sep ElecSep GasSeperate Heat

Financial

• Ownership: Corporate

This listing courtesy of Jason R Dion, Century 21 The Crossing-Midland Park