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PRICE REDUCTION - MOTIVATED SELLERS 422 Franklin Ave 2,000 SF 20% Leased Office Building Nutley, NJ 07110 $1,260,777 CAD ($630.39 CAD/SF)
Investment Highlights
- ON-SITE PARKING AND PUBLIC BUS AT CURB
- HIGH TRAFFIC AREA WITH TREMENDOUDS EXPOSURE - DIRECTLY ACROSS FROM NUTLEY SHOP RITE
- FLEXIBLE MEDICAL, OFFICE, RETAIL AND MIXED USES PERMITTED
- TENANTED ONE BEDROOM APARTMENT WITH PRIVATE ENTRANCE AND LARGE ATTIC STORAGE - STABLE TENANCY
Executive Summary
PROPERTY IS LOCATED ON THE MAIN NUTLEY THOROFARE, FRANKLIN AVENUE, DIRECTLY ACROSS FROM NUTLEY SHOP RITE
THIS IS A HIGH TRAFFIC AREA WITH TREMENDOUS EXPOSURE
PUBLIC BUS AT DOORSTOP AND ON-SITE PARKING
CURRENTLY CONFIGURED FOR MEDICAL USE, A LEASE OF THE FIRST FLOOR IS ALSO POSSIBLE
LIBERAL B-3 BUSINESS ZONING - MANY MEDICAL, OFFICE, RETAIL, SERVICE, FOOD OR MIXED & RESIDENTIAL USES PERMITTED
NUTLEY FAMILY DENTISTRY IS MOVING TO A NEW NUTLEY LOCATION
SHOWINGS BY APPOINTMENT ONLY -PLEASE CALL EXCLUSIVE BROKER - ARCHIE SCHWARTZ COMPANY - 973-758-0600
THIS IS A HIGH TRAFFIC AREA WITH TREMENDOUS EXPOSURE
PUBLIC BUS AT DOORSTOP AND ON-SITE PARKING
CURRENTLY CONFIGURED FOR MEDICAL USE, A LEASE OF THE FIRST FLOOR IS ALSO POSSIBLE
LIBERAL B-3 BUSINESS ZONING - MANY MEDICAL, OFFICE, RETAIL, SERVICE, FOOD OR MIXED & RESIDENTIAL USES PERMITTED
NUTLEY FAMILY DENTISTRY IS MOVING TO A NEW NUTLEY LOCATION
SHOWINGS BY APPOINTMENT ONLY -PLEASE CALL EXCLUSIVE BROKER - ARCHIE SCHWARTZ COMPANY - 973-758-0600
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Office
Property Subtype
Building Size
2,000 SF
Building Class
C
Year Built
1937
Price
$1,260,777 CAD
Price Per SF
$630.39 CAD
Percent Leased
20%
Building Height
2 Stories
Typical Floor Size
1,000 SF
Building FAR
0.31
Lot Size
0.15 AC
Zoning
B-3 - LIBERAL B-3 BUSINESS ZONING - MANY MEDICAL, OFFICE, RETAIL, SERVICE, FOOD OR MIXED & RESIDENTIAL USES PERMITTED
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 16-04401-0000-00004 | Improvements Assessment | $123,840 CAD |
| Land Assessment | $589,697 CAD | Total Assessment | $713,537 CAD |
Property Taxes
Parcel Number
16-04401-0000-00004
Land Assessment
$589,697 CAD
Improvements Assessment
$123,840 CAD
Total Assessment
$713,537 CAD
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PRICE REDUCTION - MOTIVATED SELLERS | 422 Franklin Ave
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