Asking Price $1,950,000
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.
| Heating/Cooling Type: | Baseboard,Central Air,Gas,Hot Water,Oil |
| Fireplaces: |
Listing Broker:
Century 21 The Crossing-Midland Park
201-580-2002
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Information herein is deemed reliable but not guaranteed.
