36 Franklin Ave
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36 Franklin Ave
3,600 SF 100% Leased Retail Building Nutley, NJ 07110 $1,200,000 ($333/SF)
Investment Highlights
- heavy daytime foot traffic
- natural light
Executive Summary
This versatile mixed-use property offers a prime commercial storefront with a full unfinished basement, ideal for retail, office, or restaurant use (formerly a Domino's). A recently updated 5-bedroom apartment provides substantial living space in the rear. The first floor features two bedrooms, a bathroom, eat-in kitchen, and living room. The lower level adds three more bedrooms, a full bathroom, a large open area, a laundry room, and a private entrance. A long driveway offers parking for four vehicles. Recent updates include new central AC and a new roof (2024). With excellent development potential to add another apartment level or convert the existing apartment unit into two, this property is a must-see!
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,600 SF
Building Class
C
Year Built
1946
Price
$1,200,000
Price Per SF
$333
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.52
Lot Size
0.16 AC
Zoning
B-3 - Mixed use commercial/residential. Offices, restaurants, bars and taverns, amusement services, printing services, service establishments, or retail.
Frontage
50 FT on Franklin Ave
Walk Score ®
Very Walkable (85)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 16-09101-0000-00005 | Total Assessment | $493,400 (2024) |
| Land Assessment | $328,100 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $165,300 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
16-09101-0000-00005
Land Assessment
$328,100 (2024)
Improvements Assessment
$165,300 (2024)
Total Assessment
$493,400 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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36 Franklin Ave
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