Nutley, NJ 07110-1253,596 FRANKLIN AVE
Nutley, NJ 07110-1253,596 FRANKLIN AVE
Nutley, NJ 07110-1253,596 FRANKLIN AVE
Nutley, NJ 07110-1253,596 FRANKLIN AVE
Nutley, NJ 07110-1253,596 FRANKLIN AVE
Nutley, NJ 07110-1253,596 FRANKLIN AVE
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$875,000

$869,000

0.7%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 01/12/2022

Key Details

Sold Price $875,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 210014243

Sold Date 01/12/22

Annual Tax Amount $23,203

Property Sub-Type Office

Property Description

Tremendous mixed use building in the heart of Nutley's downtown provides a great opportunity for investors or an owner occupied user! The SEVEN bedroom residential home provides plenty of living space and is suitable for today's needs of additional living and/or work space. There are THREE separate office spaces totaling approximately 2,347 square feet with several private office rooms and reception areas. Development in the area includes the nearby ON3 campus with plenty of nearby restaurants, commerce and public transportation with NJ/NY transit bus stops. Backyard includes a patio area and a large deck adjacent to pleasant green space. See additional docs for analysis of property, that assumes for fair market rents and maintenance. Rare opportunity to own property with the potential of a 6.35% CAP RATE!

Location

State NJ

County Essex

Area Nutley

Exterior

Garage Spaces 2.0

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Listed by CENTURY 21 AWARD AGENCY
Bought with NON-MEMBER
agent
Steven Betancurth

CEO | License ID: 1539846

+1(201) 834-7475 | steven@bregroupnj.com

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