Commercial Real Estate for Sale at 171 Franklin Ave in Nutley Twp., NJ for $1,359,000

Listing data updated February 23, 2026 - 8:43pm
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171 Franklin Ave | Nutley Twp.

$1,359,000 | 5 Baths (5 Half) | 12,500 Sq. Ft.

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 6% cap rate at the $1,359,000 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. GSMLS 4011059

Directions to property: Franklin Avenue

MLS Listing ID: 
GSMLS 4011059
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,359,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Nutley Twp.
Address: 
171 Franklin Ave, Nutley Twp., NJ 07110-2940, U.S.A.
County: 
Essex
Latitude: 
40.8139383
Longitude: 
-74.1635897
Directions: 
Franklin Avenue
Public Remarks: 
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 6% cap rate at the $1,359,000 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.
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
1910
Living Area: 
12,500
Basement: 
Bilco-Style Door, Full
Construction
Construction Materials: 
Brick/Block
Roof: 
Asphalt Shingle, Flat
Exterior: 
Vinyl Siding
Energy Information: 
All Underground
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
5
Total Half-Bathrooms: 
5
Utilities
Information about utilities available on the property.
Heating System: 
4+ Units
Heating System Fuel: 
Gas-Natural, Oil Tank Above Ground - Inside
Cooling System: 
4+ Units
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.21
Lot Size (Dimensions): 
60X150
Waterfront: 
0
Lot Features
Driveway: 
1 Car Width, Driveway-Exclusive
Parking Type: 
1 Car Width, Driveway-Exclusive
Total Parking Spaces: 
4
Public Record
Parcel Number: 
1616-07604-0000-00019-0000-
Lot Number: 
19
Annual Tax: 
$27,817.00
Property Zoning: 
B3A
Contract Details
Details about the listing contract.
Possession: 
0-30
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
CENTURY 21 THE CROSSING

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