507 Franklin Ave
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507 Franklin Ave
3,784 SF Retail Building Nutley, NJ 07110 $1,700,000 ($449/SF)
Investment Highlights
- Sale of the building includes the Liquor License.
- Purchaser can add four (4) apartments above with no variance required.
Executive Summary
Liquor License Included in Sale (Broad C). The property sits on 0.179 acres and is adjacent to a public parking lot. The restaurant currently has a seating capacity of 128 indoor seats, a mix of traditional tables, high tops, and bar seating. Additionally, there is outdoor dining in the front of the restaurant.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,784 SF
Building Class
C
Year Built
1964
Price
$1,700,000
Price Per SF
$449
Tenancy
Single
Building Height
1 Story
Building FAR
0.48
Lot Size
0.18 AC
Zoning
B3, Nutley Twp.
Parking
6 Spaces (1.4 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
Walk Score ®
Very Walkable (87)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 16-03100-0000-00038 | Improvements Assessment | $592,000 |
| Land Assessment | $458,000 | Total Assessment | $1,050,000 |
PROPERTY TAXES
Parcel Number
16-03100-0000-00038
Land Assessment
$458,000
Improvements Assessment
$592,000
Total Assessment
$1,050,000
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507 Franklin Ave
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