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Listed with Jason R. Dion | 347-856-8424, Century 21 The Crossing-Midland Park
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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 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.
| DAYS ON MARKET | 62 | LAST UPDATED | 11/13/2025 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | 200 |
| COUNTY | ESSEX | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Gas |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 200 |
| HEAT | Baseboard, Central, Hot Water, Natural Gas, Oil |
| TAXES | 27818 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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