• Broker Walter Koroluk 9737580600 x 5600

PRICE REDUCTION - MOTIVATED SELLERS 422 Franklin Ave 2,000 SF 20% Leased Office Building Nutley, NJ 07110 $920,000 ($460/SF)

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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

ATTACHMENTS

422 FRANKLIN AVE NUTLEY Flyer 081424
422 Franklin - Floor Plans
Permitted uses in B-3 Zoning District

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
20%
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

LINKS

Walk Score®
Very Walkable (87)

PROPERTY TAXES

Parcel Number 16-04401-0000-00004 Improvements Assessment $89,400
Land Assessment $425,700 Total Assessment $515,100

MAP

ADDITIONAL PHOTOS

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View Photo survey_422_Franklin Ave.

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