188 Prospect St Under Contract Save Request In-Person Tour Request Virtual Tour
Nutley Twp.,NJ 07110
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 3926827
Year Built 1925
Annual Tax Amount $19,626
Tax Year 2023
Property Description
Prime Mixed-Use Investment Opportunity! Located in the heart of Nutley, this is a fully occupied mixed-use building featuring 4 retail units on the ground level and 2 spacious apartments above. Each retail space is secured with leases through 2026, while the two apartments, both offering 3 bedrooms and 1 bath, are rented on a month-to-month basis. Both residential units come with in-unit washer/dryer hookups and the convenience of 2 off-street parking spots. Retail spaces benefit from ample on-street parking. All tenants enjoy access to a full basement, providing untapped potential for additional use. A great investment with stable income and growth potential! Owner pays taxes, water & insurance.
Location
State NJ
County Essex
Zoning R-1
Rooms
Basement Bilco-Style Door, Full, Storage, Unfinished
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Flooring Concrete, Tile, Vinyl-Linoleum, Wood
Equipment Fire Alarm, Restrooms - Private, Restrooms - Public, Storage Area(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Gas-Natural
Roof Type Asphalt Shingle, Flat
Parking Type Off-Street Parking
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple