171 Franklin Ave Nutley, NJ ^$ 1,950,000

171 Franklin Ave

^$ 1,950,000

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171 Franklin Ave

Nutley, NJ, 07110

^$ 1,950,000

Bedrooms-- Baths-- Sq 12,500

Monthly Estimate*

^$ 12,165

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Commercial Property for sale in Nutley, NJ

for $1,950,000 with 5 half baths. This 12,500 square foot building was built in 1910 on a lot size of 0.21.

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.

Commercial Active

Price

^$ 1,950,000

Half Bath

Property Type

Commercial

Taxes

^$ 27,817

Style

MixedUse

Lot Size

0.21

Year Built

1910

Town/City

Nutley

County/Region

Essex

MLS | Web ID

3997708

Features

General

Sewer Public Sewer

Construction Brick/Block

Heating 4+ Units

Cooling 4+ Units

Utilities All Underground

Possession 0-30

Roof Asphalt Shingle Flat

Zoning B3A

Garage Spaces 4

Year Built 1910

Township Nutley Twp.

Property Type Mixed Use MixedUse

Tax Year 2024

Ownership Fee Simple

Location Business District

Gross Income 122760

County Essex

Net Operating Income 81628

Operating Expense 41132

Status Active

Directions Franklin Avenue

Number Of Units Total 5

Tax Annual Amount 27817

Drive 1 Car Width Driveway-Exclusive

Leasable Area 1000

Standard Status Active

Tax Assessed Value 1056900

Town # 1616

Tax Lot 19

Cap Rate 4.20

Interior

Basement Bilco-Style Door Full

Flooring Carpeting Concrete Laminate Tile Vinyl-Linoleum

Fuel Type Gas-Natural Oil Tank Above Ground - Inside

Total Stories 2

Half Baths 5

Exterior

Lot Features Level Lot

Water Source Public Water

Exterior Description Vinyl Siding

Building Area Total 12500

Lot Dimensions 60X150

Lot Size Acres 0.21

* Excluded Features

List By

JASON R. DION

Listing Agent

Century 21 The Crossing

Broker

jason@jerseyboysre.com

Affordability Calculator

$14,484

Per Month

Monthly Principal & Interest: $12,165
Monthly Property Taxes: $2,318
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Nutley, NJ

Average List Price ^$765,980

Percent of Sale Price 61%

About Nutley, NJ

29,582 Population

8% Since 2002

^$90,237 Median Income

42.54 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/13/2025	$1,950,000		Listed Price

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171 Franklin Ave, Nutley, NJ, 07110 is a Commercial Property for sale at $1,950,000 with 12,500 sqft and a lot size of 0.21. 171 Franklin Ave was built in 1910. The property's zip code is 07110 which is in Nutley, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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171 Franklin Ave

Commercial Property for sale in Nutley, NJ

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