RARE: Nutley Retail, Residential & Warehouse

Investment Overview

171–173 Franklin Avenue presents a mixed-use investment opportunity in the heart of Nutley's downtown commercial corridor. The approximately 12,500-square-foot property sits on a roughly 9,000-square-foot lot (approximately 60' x 150') and includes residential, retail, and warehouse components, totaling 5 units. The property contains three residential apartments, an approximately 2,572-square-foot retail space currently occupied by a furniture store, and an approximately 4,620-square-foot rear warehouse with substantial ceiling height, creating multiple income streams within one well-located asset. Originally built in 1940 and renovated in 2010, the two-story building is positioned along Franklin Avenue within Nutley's B-3A Downtown Business district. The combination of apartments, storefront retail, and warehouse space makes the property attractive to investors seeking a diversified mixed-use asset with existing income and future upside through improved rents, management, or repositioning, subject to existing leases and municipal requirements.

Investment Highlights

• ±12,500 SF mixed-use investment property | 5 Units
• ±2,572 SF street-level retail space along Franklin Avenue
• Approximately 9,000 SF lot measuring roughly 60' × 150'
• Three residential apartments providing multiple income streams
• ±4,620 SF rear warehouse with substantial ceiling height
• Value-add opportunity with current income and potential rental upside