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Listed by Jason R. Dion Century 21 The Crossing-Midland Park
$1,950,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25040434
Style Retail
Property Sub-Type Retail
Property Description
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.
Location
State NJ
County Essex
Interior
Heating Baseboard, Central Air, Gas, Hot Water, Oil
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