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$1,150,000 Just Listed
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Property Description
Welcome to 108 Franklin Avenue, a prime mixed-use investment opportunity ideally located on a prominent corner in the heart of Nutley's thriving business district. This well-maintained property features two street-level retail storefronts and two spacious 2-bedroom, 1-bath apartments, offering a balanced mix of commercial and residential income. The retail spaces benefit from excellent visibility, large display windows, and consistent foot and vehicle traffic along Franklin Avenue, making them ideal for a variety of neighborhood businesses. Both storefronts are currently leased by thriving businesses, providing steady income. The residential component includes two generously sized 2-bedroom units, one of which is currently leased, while the second unit is now vacant, presenting an immediate opportunity for an owner-occupant or investor to achieve market rent and increase overall returns. Offered at an amazing price, this is an excellent opportunity for investors seeking a stabilized asset with value-add potential in a proven commercial corridor. Conveniently located near major roadways, public transportation, shopping, and dining, 108 Franklin Avenue is well suited for a long-term hold, owner-user, or 1031 exchange buyer.
Full Property Details
Full Property Details for 108 Franklin Ave
General
- Price: $1,150,000
- Taxes: $18,785 (2025)
- Status: Active
- Type: Commercial
- Source: Garden_State
- MLS ID: 4027734
- Updated: 5/14/2026
- Added to Site: 1 day(s) ago
Business
- Includes: Building Only
Interior
- Flooring: Vinyl-Linoleum, Wood
Rooms
Bathrooms
- Total Bathrooms: 4
- Restrooms: 4
Additional Information
- Equipment: Appliances, Smoke Detector
Exterior
- Color: Brick
Parking
- Garage Spaces: 5
- Parking: Parking Lot-Exclusive
Location
- County: Essex
- Driving Directions: Franklin ave. Park in lot on side of building
- Location Details: Corner
Heating & Cooling
- Cooling Type: Ductless Split AC
- Heating Type: See Remarks
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: All Underground
Structural Information
- Construction: Brick/Block
- Exterior Const.: Brick/Block
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Flat
- Stories in Building: 2
- Year Built: 1925
Unit Information
- 2 Bedroom Units: 1
Lot Features
- Lot Size: 33X108 IRR
- Zoning: B-3
Financial Considerations
- Expenses: Insurance, Snow Removal, Taxes, Water/Sewer
- Assessment Amount: $696,000
- Land Assmt: $401,000
- Tax Amount: $18,785
- Tax Year: 2025
- Owner Pays: Water
- Tenant Pays: Electric, Gas, Heat
- Pays Utilities: Tenant
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: See Remarks
- Disclosures: Yes
- APN: 1616-09104-0000-00005-0000-
- Block: 9104
- Lot Number: 5
Listed by Exp Realty, Llc
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Schools
Schools serving 108 Franklin Ave
School District:Nutley Town School District
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Nutley, NJ 301 Harrison Street, Nutley, NJ 07110 | K-6 | 0.3 mi |
John H Walker Middle School 325 Franklin Avenue, Nutley, NJ 07110 | 7-8 | 0.5 mi |
Nutley High School 300 Franklin Avenue, Nutley, NJ 07110 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 108 Franklin Ave
Date
Details
Price
Change
Source
5/14/2026
Listed
$1,150,000
70.37%
MLS
11/18/2022
Sold
$675,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 108 Franklin Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$18,319
6%
$696,000
—
2022
$17,338
1%
$696,000
55%
2021
$17,248
4%
$448,700
—
2020
$16,521
2%
$448,700
—
2019
$16,189
3%
$448,700
—
2018
$15,754
1%
$448,700
—
2017
$15,583
3%
$448,700
—
2016
$15,121
2%
$448,700
—
2015
$14,879
1%
$448,700
—
2014
$14,690
—
$448,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 108 Franklin Ave
108 Franklin Ave, Nutley, NJ 07110 (MLS# 4027734) is a Commercial property. 108 Franklin Ave is currently listed for $1,150,000 and was received on May 14, 2026. Want to learn more about 108 Franklin Ave? Do you have questions about finding other Commercial real estate for sale in Nutley? You can browse all Nutley real estate or contact a Coldwell Banker agent to request more information.

