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$1,950,000

  • For Sale
  • Active
  • Retail
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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.

Full Property Details for 171-173 Franklin Ave

General

  • Price: $1,950,000
  • Taxes: $27,818
  • Status: Active
  • Type: Retail
  • Source: NJMLS
  • MLS ID: 25040434
  • Updated: 11/13/2025
  • Added to Site: 64 day(s) ago

Location

  • Area: Nutley
  • County: ESSEX

Heating & Cooling

  • Heating Type: Baseboard, Central Air, Gas, Hot Water, Oil

Utilities

  • Utility Description: Sep Elec, Sep Gas, Seperate Heat

Structural Information

  • Architectural Style: Retail

Water Features

  • Water Front Desc.: None

Financial Considerations

  • Tax Amount: $27,818

Disclosures and Reports

  • Ownership: Corporate
  • Flood Zone: None

Listed by Century 21 The Crossing-Midland Park (201) 580-2002, Jason Dion (347) 856-8424

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Listing agent

— 171-173 Franklin Ave —

  • Jason Dion

    Century 21 The Crossing-Midland Park

    347-856-8424

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 171-173 Franklin Ave

School District:Nutley Town School District
NameGradesDistance
Nutley High School
300 Franklin Avenue, Nutley, NJ 07110
9-120.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 171-173 Franklin Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/13/2025
Listed
$1,950,000
111.96%
MLS
7/19/2005
Sold
$920,000
—
Public Record
Get Price Alerts and Save Property
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 for 171-173 Franklin Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$27,818
-15%
$1,056,900
—
2022
$32,844
1%
$1,056,900
24%
2021
$32,674
4%
$850,000
—
2020
$31,297
2%
$850,000
—
2019
$30,668
3%
$850,000
—
2018
$29,844
1%
$850,000
—
2017
$29,520
3%
$850,000
—
2016
$28,645
2%
$850,000
—
2015
$28,186
1%
$850,000
—
2014
$27,829
—
$850,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Century 21 The Crossing-Midland Park (201) 580-2002, Jason Dion (347) 856-8424

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171-173 Franklin Avenue, Nutley, NJ 07110 (MLS# 25040434) is a Retail property. 171-173 Franklin Avenue is currently listed for $1,950,000 and was received on November 13, 2025. Want to learn more about 171-173 Franklin Avenue? Do you have questions about finding other Retail real estate for sale in Nutley? You can browse all Nutley real estate or contact a Coldwell Banker agent to request more information.

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