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PRICE REDUCTION - MOTIVATED SELLERS 422 Franklin Ave

2,000 SF 100% Leased Office Building Nutley, NJ 07110 $920,000 ($460/SF)

Investment Highlights

  • ON-SITE PARKING AND PUBLIC BUS AT CURB
  • HIGH TRAFFIC AREA WITH TREMENDOUDS EXPOSURE - DIRECTLY ACROSS FROM NUTLEY SHOP RITE
  • FLEXIBLE MEDICAL, OFFICE, RETAIL AND MIXED USES PERMITTED
  • TENANTED ONE BEDROOM APARTMENT WITH PRIVATE ENTRANCE AND LARGE ATTIC STORAGE - STABLE TENANCY

Executive Summary

PROPERTY IS LOCATED ON THE MAIN NUTLEY THOROFARE, FRANKLIN AVENUE, DIRECTLY ACROSS FROM NUTLEY SHOP RITE
THIS IS A HIGH TRAFFIC AREA WITH TREMENDOUS EXPOSURE
PUBLIC BUS AT DOORSTOP AND ON-SITE PARKING
CURRENTLY CONFIGURED FOR MEDICAL USE, A LEASE OF THE FIRST FLOOR IS ALSO POSSIBLE
LIBERAL B-3 BUSINESS ZONING - MANY MEDICAL, OFFICE, RETAIL, SERVICE, FOOD OR MIXED & RESIDENTIAL USES PERMITTED
NUTLEY FAMILY DENTISTRY IS MOVING TO A NEW NUTLEY LOCATION
SHOWINGS BY APPOINTMENT ONLY -PLEASE CALL EXCLUSIVE BROKER - ARCHIE SCHWARTZ COMPANY - 973-758-0600

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Office
Property Subtype
Medical
Building Size
2,000 SF
Building Class
C
Year Built
1937
Price
$920,000
Price Per SF
$460
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
1,000 SF
Building FAR
0.31
Lot Size
0.15 AC
Zoning
B-3 - LIBERAL B-3 BUSINESS ZONING - MANY MEDICAL, OFFICE, RETAIL, SERVICE, FOOD OR MIXED & RESIDENTIAL USES PERMITTED
Walk Score ®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16-04401-0000-00004
Land Assessment
$425,700
Improvements Assessment
$89,400
Total Assessment
$515,100
  • Listing ID: 32793133

  • Date on Market: 8/14/2024

  • Last Updated:

  • Address: 422 Franklin Ave, Nutley, NJ 07110

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