171 Franklin Avenue, Essex, Nutley Township, New Jersey 07110
171 Franklin Avenue, Essex, Nutley Township, New Jersey 07110
171 Franklin Avenue, Essex, Nutley Township, New Jersey 07110
171 Franklin Avenue, Essex, Nutley Township, New Jersey 07110
171 Franklin Avenue, Essex, Nutley Township, New Jersey 07110

Listed By CENTURY 21 The Crossing

The Commercial Property for Sale located at 171 Franklin Avenue, Essex, Nutley Township, New Jersey 07110 is currently for sale. 171 Franklin Avenue, Essex, Nutley Township, New Jersey 07110 is listed for $1,950,000. This property has 5 bathrooms.

Date Updated : Nov 21, 2025

$1,950,000 USD

Commercial for Sale, 171 Franklin Avenue, Essex, Nutley Township, New Jersey 07110

  • MLS#
    3997708
  • Total rooms
    5
  • Minimum sellable space
    1,161 m² (12,500 ft²)

Property features

Property

  • Property size: 1,161 m² (12,500 ft²)

Lot/Land

  • Land/Lot size: 809 m² (0.2 ac)

Parking/Garage

  • Parking spaces: 4

Bathrooms

  • Total bathrooms: 5
  • Full bathrooms: 3
  • ½ bathrooms: 2

Utilities

  • Other utilities: Municipal WaterCity Sewer

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.

Location

171 Franklin Avenue, Essex, Nutley Township, New Jersey 07110

171 Franklin Avenue, Essex, Nutley Township, New Jersey 07110