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$1,359,000 Just Listed

  • 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 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.

Full Property Details for 171 Franklin Ave

General

  • Price: $1,359,000
  • Taxes: $27,817 (2024)
  • Status: Active
  • Type: Retail
  • Source: Garden_State
  • MLS ID: 4011059
  • Updated: Today (2/23/2026)
  • Added to Site: Today

Business

  • Includes: Building & Land

Interior

  • Flooring: Carpeting, Concrete, Laminate, Tile, Vinyl-Linoleum

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Restrooms: 5

Additional Information

  • Equipment: Restrooms - Private, Storage Area(s)

Parking

  • Garage Spaces: 4
  • Parking: 1 Car Width, Driveway-Exclusive

Location

  • County: Essex
  • Driving Directions: Franklin Avenue
  • Location Details: Business District

Heating & Cooling

  • Cooling Type: 4+ Units
  • Heating Type: 4+ Units
  • Heating Fuel: Natural Gas, Oil Tank Above Ground - Inside

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: All Underground

Structural Information

  • Construction: Brick/Block
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Bilco-Style Door, Full
  • Roof: Asphalt Shingles, Flat
  • Ceiling Height: 16
  • Doors: 1
  • Door Dimensions: 15
  • Loading: Drive-In Doors
  • Bays: 1
  • Stories in Building: 2
  • Square Feet: 12,500
  • Aprox. Leasable: 12,500 Sq. Ft.
  • Office: 1,000 Sq. Ft.
  • Year Built: 1910

Unit Information

  • 1 Bedroom Units: 3
  • Units w/Full Bath: 3
  • Units w/Half Bath: 2

Lot Features

  • Lot Size (Acres): 0.21
  • Lot Size: 60X150
  • Zoning: B3A
  • Lot Description: Level Lot

Financial Considerations

  • Price Per Sq. Ft.: $109
  • Expenses: Insurance, Snow Removal, Taxes, Water/Sewer
  • Operating Expenses: $41,132
  • Assessment Amount: $1,056,900
  • Land Assmt: $510,000
  • Tax Amount: $27,817
  • Tax Year: 2024
  • Pays Utilities: Tenant

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: Income & Expenses, Leases
  • APN: 1616-07604-0000-00019-0000-
  • Block: 7604
  • Lot Number: 19

Listed by Century 21 The Crossing

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Listing agent

— 171 Franklin Ave —

  • Century 21 The Crossing

201-580-2002

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

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

Date
Details
Price
Change
Source
2/23/2026
Listed
$1,359,000
47.72%
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 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.

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NMLS#: 1598647

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Listed by Century 21 The Crossing

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171 Franklin Ave, Nutley, NJ 07110 (MLS# 4011059) is a Retail property. 171 Franklin Ave is currently listed for $1,359,000 and was received on February 23, 2026. Want to learn more about 171 Franklin Ave? 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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