$999,000
Active
Nutley Twp.
About this home
Fully leased 4,627 SF office building on a 65x162 lot on Franklin Ave near Rt 3. 15 offices currently rented as 9 office suites generating $145,423 in gross annual rent; NOI approximately $85,441.56 (roughly a 8.5% cap rate at asking). On-site parking for at least nine cars. B-1 zoning. Close to downtown Nutley, Route 3, Route 21, GSP, and NJ Transit rail. Financials available upon request.
Taxes & fees
Annual property tax
$29,000
Tax year
2025
Tax rate
2.699
Property details
Year Built
1800
Roof (*text)
Asphalt Shingle
Lot Size Area
0.24
MLS #
4044830
Features & amenities
Year Built (*numeric)
1800
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days on market
0
Basement (*text)
Yes
Cooling (*text)
Central Air
Garage spaces
12
Heating
Forced Hot Air
Lot dimensions
65X162
Listing source
GSMLS