108 Franklin Ave, Nutley Twp., Essex 07110-3292
- $1,150,000
- $1,150,000
Overview
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Description
Welcome to 108 Franklin Avenue, a prime mixed-use investment opportunity ideally located on a prominent corner in the heart of Nutley’s thriving business district. This well-maintained property features two street-level retail storefronts and two spacious 2-bedroom, 1-bath apartments, offering a balanced mix of commercial and residential income. The retail spaces benefit from excellent visibility, large display windows, and consistent foot and vehicle traffic along Franklin Avenue, making them ideal for a variety of neighborhood businesses. Both storefronts are currently leased by thriving businesses, providing steady income. The residential component includes two generously sized 2-bedroom units, one of which is currently leased, while the second unit is now vacant, presenting an immediate opportunity for an owner-occupant or investor to achieve market rent and increase overall returns. Offered at an amazing price, this is an excellent opportunity for investors seeking a stabilized asset with value-add potential in a proven commercial corridor. Conveniently located near major roadways, public transportation, shopping, and dining, 108 Franklin Avenue is well suited for a long-term hold, owner-user, or 1031 exchange buyer.
Address
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Address: 108 Franklin Ave
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City: Nutley Twp.
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State/county: Essex
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Zip/Postal Code: 07110-3292
Details
Updated on May 20, 2026 at 10:05 am-
Property ID HZ4027734
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Price $1,150,000
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Garages 5
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Year Built 1925
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Property Status Active
Additional details
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Roof Flat
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Utilities All Underground
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Sewer Public Sewer
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Cooling Ductless Split AC
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Heating See Remarks
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Flooring Vinyl-Linoleum, Wood
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County Essex
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Property Type MixedUse
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