Fully leased 4,627 SF office building on a 65x162 lot on Franklin Ave near Rt 3. 15 offices currently rented as 9 office suites generating $145,423 in gross annual rent; NOI approximately $85,441.56 (roughly a 8.5% cap rate at asking). On-site parking for at least nine cars. B-1 zoning. Close to downtown Nutley, Route 3, Route 21, GSP, and NJ Transit rail. Financials available upon request.
| MLS # | 4044830 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1800 |
| Days On Site | 63 |
| Listing Provided By | CORCORAN SAWYER SMITH | DANIEL FLEISHER |
| Garage | 12 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 15 |
| Zoning | B-1 |
| Property | 29000 |
|---|
| State | NJ |
|---|---|
| County | Essex |
| City | Nutley Twp. |
| Zip Code | 07110 |
| Area | Essex |
| Listing VS Median (in 07110) | |
Price: $999,000 low | high Med: $619,900 On site: 63 low | high Med: 54 | |
| State | NJ |
|---|---|
| County | Essex |
| City | Nutley Twp. |
| Zip Code | 07110 |
| Area | Essex |
| Listing VS Median (in 07110) | |
Price: $999,000 low | high Med: $619,900 On site: 63 low | high Med: 54 | |