108 Franklin Ave, Nutley Twp. NJ 07110-3292

Property City
Nutley Twp.
Property Price
$1,150,000
Year Built
1925
Tax Annual Amount
$18785
TaxYear (*text)
2025
Roof (*text)
Flat
Floors No
Vinyl-Linoleum, Wood
MLS Status
Active
MLS #
4027734

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.

Yearly Tax Rate
2.699
Year Built (*numeric)
1925
Basement
Yes
Roofing (*text)
Flat
Days On Market
6
Basement (*text)
Yes
Cooling (*text)
Ductless Split AC
GarageSpaces
5
Heating
See Remarks
Lot Size Dimensions
33X108 IRR
Property Location

40.811870538589, -74.164714190138

Geo Lat Long Proximity (field_pro_lat_long)
Units: Miles
Origin Coordinates
Value in decimal degrees. Use dot (.) as decimal separator.
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GSMLS
buynjhome Jagdeep

Jagdeep Singh

+1(848)242-6762