Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
0
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.
Features & Amenities
Interior
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Total Bedrooms
N/A
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Bathrooms
N/A
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Pet friendly
N/A
Exterior
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Garage
No
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Pool
No
Area & Lot
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Property Type
Residential Income
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Property Sub Type
Mixed Use
Price
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Sales Price
$1,150,000
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Sq. Footage
N/A
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Price/SqFt
N/A
HOA
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Association
No
School District
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Elementary School
N/A
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Middle School
N/A
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High School
N/A
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Location
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ESSEX
Elementary School
Middle School
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Listing Courtesy of Justin Kiliszek , EXP Realty, LLC
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