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171-173 Franklin Ave
Nutley, NJ 07110
RARE: Nutley Retail, Residential & Warehouse · Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- ±12,500 SF mixed-use investment property | 5 Units
- ±2,572 SF street-level retail space along Franklin Avenue
- Approximately 9,000 SF lot measuring roughly 60' × 150'
- Three residential apartments providing multiple income streams
- ±4,620 SF rear warehouse with substantial ceiling height
- Value-add opportunity with current income and potential rental upside
Résumé de l'annonce
171–173 Franklin Avenue presents a mixed-use investment opportunity in the heart of Nutley’s downtown commercial corridor. The approximately 12,500-square-foot property is situated on a roughly 9,000-square-foot lot measuring approximately 60 feet by 150 feet and includes residential, retail, and warehouse components. Totaling 5 Units.
The property contains three residential apartments, an approximately 2,572-square-foot retail space currently occupied by a furniture store, and an approximately 4,620-square-foot rear warehouse with substantial ceiling height. Together, these uses create multiple income streams within one well-located asset.
Originally built in 1910 and renovated in 2010, the two-story building is positioned along Franklin Avenue within Nutley’s B-3A Downtown Business district. The combination of apartments, storefront retail, and warehouse space makes the property attractive to investors seeking a diversified mixed-use asset with existing income and future upside through improved rents, management, or repositioning, subject to existing leases and municipal requirements.
The property contains three residential apartments, an approximately 2,572-square-foot retail space currently occupied by a furniture store, and an approximately 4,620-square-foot rear warehouse with substantial ceiling height. Together, these uses create multiple income streams within one well-located asset.
Originally built in 1910 and renovated in 2010, the two-story building is positioned along Franklin Avenue within Nutley’s B-3A Downtown Business district. The combination of apartments, storefront retail, and warehouse space makes the property attractive to investors seeking a diversified mixed-use asset with existing income and future upside through improved rents, management, or repositioning, subject to existing leases and municipal requirements.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
12 500 pi²
Classe d’immeuble
C
Année de construction/rénovation
1940/2010
Prix
1 826 890 $ CAD
Prix par pi²
146,15 $ CAD
Taux de capitalisation
6,83%
Revenu net d’exploitation
124 784 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
2 étages
Coefficient d’occupation des sols de l’immeuble
1,30
Taille du lot
0,22 AC
Zonage
B-3A - B3A
Façade
66’ sur Franklin Ave
Commodités
- Affichage
- Climatisation
Impôts fonciers
| Numéro de lot | 16-07604-0000-00019 | Évaluation des bâtiments | 768 559 $ CAD |
| Évaluation du terrain | 716 703 $ CAD | Évaluation totale | 1 485 262 $ CAD |
Impôts fonciers
Numéro de lot
16-07604-0000-00019
Évaluation du terrain
716 703 $ CAD
Évaluation des bâtiments
768 559 $ CAD
Évaluation totale
1 485 262 $ CAD
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