108 Franklin Ave, Nutley Twp., NJ 07110
sale
$1,150,000
|
Other
Courtesy Of eXp Realty, LLC
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.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 4
- Cooling System: Ductless
- Exterior Type: Brick
- Exterior Type: Block
- Floor Covering: Vinyl
- Floor Covering: Linoleum
- Floor Covering: Wood
- Floors: 2
- MLSID: 4027734
- Roof Type: Flat
- Rooms: Basement
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