507 Franklin AveNutley, NJ 07110

Property Details for 507 Franklin Ave

Year built

1964

Lot size

0.18 AC

Zone code

B-3

Property type

Commercial real estate

APN

16 03100-0000-00038

APU

1603100000000038

Description

This exceptional 3,784 square foot retail property, located at 507 Franklin Avenue in Nutley, New Jersey, presents a unique investment opportunity. The former restaurant boasts 128 indoor seats, a mix of table and bar seating, and existing outdoor dining. Pending approvals are in place to expand outdoor seating by an additional 52 seats. The sale includes a valuable Broad C Liquor License. Situated on a 0.179-acre lot, the property benefits from convenient access to a dedicated rear parking lot with 12 spaces, plus adjacent public parking and ample street parking. Built in 1964, this single-story building is zoned B-3, offering significant potential. A key advantage for developers is the possibility of adding four apartments above the existing space without requiring a variance. This prime location in Essex County, zip code 07110, offers high visibility and strong potential for various retail uses. The property's existing infrastructure and zoning provide a solid foundation for a successful venture. Serious inquiries are encouraged to explore this promising investment.

Location Insight

City

Nutley

County

Essex

State

New Jersey

Latitude

40.8238

Longitude

-74.1556

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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