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108 Franklin Ave
Nutley, NJ 07110
Commerce de détail Propriété À vendre
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Fully leased mixed-use asset generating consistent cash flow.
- Approximately $102,000 in annual gross income with reported NOI of $78,780.
- Diversified retail and residential tenancy supporting long-term income stability.
- Two ground-level retail spaces complemented by two residential apartments.
- Prominent corner location on Franklin Avenue within Nutley’s B-3 Business District.
- Attractive option for 1031 exchange investors seeking passive returns.
Résumé de l'annonce
This fully leased mixed-use property at 108 Franklin Avenue in Nutley, NJ, offers a well-balanced income stream through a combination of retail and residential tenants. Positioned on a visible corner along Franklin Avenue, the asset includes four units—two ground-floor retail storefronts and two upper-level residential apartments, each offering two bedrooms and one bath.
With a total annual gross income of approximately $102,180 and a Net Operating Income (NOI) of $78,780, the property boasts a cap rate of about 6.85% at the current asking price of $1,150,000. The B-3 Business District zoning provides flexibility for continued mixed-use operations and long-term investment security. The diversified tenancy ensures stability, making it an attractive opportunity for investors seeking steady cash flow and potential future appreciation.
The property’s corner location enhances visibility for retail businesses, while the nearby residential neighborhoods support strong tenant demand. Additionally, the offering is well-suited for those considering a 1031 exchange, providing a chance to reposition capital into a secure, income-generating asset with limited management requirements.
With a total annual gross income of approximately $102,180 and a Net Operating Income (NOI) of $78,780, the property boasts a cap rate of about 6.85% at the current asking price of $1,150,000. The B-3 Business District zoning provides flexibility for continued mixed-use operations and long-term investment security. The diversified tenancy ensures stability, making it an attractive opportunity for investors seeking steady cash flow and potential future appreciation.
The property’s corner location enhances visibility for retail businesses, while the nearby residential neighborhoods support strong tenant demand. Additionally, the offering is well-suited for those considering a 1031 exchange, providing a chance to reposition capital into a secure, income-generating asset with limited management requirements.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Commerce pied immeuble
Taille du bâtiment
2 031 pi²
Classe d’immeuble
C
Année de construction
1925
Prix
1 592 209 $ CAD
Prix par pi²
783,95 $ CAD
Taux de capitalisation
6,85%
Revenu net d’exploitation
109 073 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
2 étages
Dalle à dalle
12’
Coefficient d’occupation des sols de l’immeuble
0,43
Taille du lot
0,11 AC
Zonage
B-3 - Business District
Stationnement
5 places (2,46 places par 1 000 pi² loué)
Façade
25’ sur Franklin Ave
Commodités
- Détecteur de fumée
Impôts fonciers
| Numéro de lot | 16-09104-0000-00005 | Évaluation des bâtiments | 408 436 $ CAD |
| Évaluation du terrain | 555 197 $ CAD | Évaluation totale | 963 633 $ CAD |
Impôts fonciers
Numéro de lot
16-09104-0000-00005
Évaluation du terrain
555 197 $ CAD
Évaluation des bâtiments
408 436 $ CAD
Évaluation totale
963 633 $ CAD
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