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Summit, NJ Auto Shops for Sale

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Chatham, NJ Springfield, NJ New Providence, NJ

Downtown Commercial Redevelopment Opportunity

Contact for pricing

12,765 SF

Downtown Commercial Redevelopment Opportunity

20 Franklin Pl, Summit, NJ

Four buildings totaling 12,765 SF on approximately 1 acre.

Rare opportunity for heavy commercial use in a downtown area.
Property consists of 4 buildings (3 occupied) totaling ±12,765 SF.
Zoned R5, allowing single‑family use and existing commercial uses to remain (CO'd).
Site offers a unique redevelopment opportunity (subject to local approval).
Lot size at ±1 acre.

Updated: May 15, 2024

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Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Summit, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

$1,300,000

1,098 SF

Turnkey Auto Repair Shop

Auto repair shop in high-traffic location, ready for immediate operation.

459 North Avenue E, Westfield, NJ 7090

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$975,000

2,600 SF

Auto Repair Shop For Sale

Full-service auto repair shop with equipment and client history included.

305 S Michigan Ave, Kenilworth, NJ 7033

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$975,000

2,600 SF

Auto Repair Shop For Sale

Full-service auto repair shop with equipment and real estate included.

305 S Michigan Ave, Kenilworth, NJ 7033

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Contact for pricing

2,000 SF

Auto Repair Shop For Sale

2,000 SF auto repair shop on 0.2-acre lot.

1490 E Broad St, Westfield, NJ

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

$2,900,000

14.00 Acres

Prime Commercial Land Opportunity

14 acres of flat land ready for commercial development.

Bethlehem, PA 18017

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$449,900

0.33 Acres

Philadelphia Land With Garage Units

Land with garage units suitable for various business and development.

5227-31 N AMERICAN Street, Philadelphia, PA 19120

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$299,900

3.54 Acres

Secluded Lot with Oversized Garage

3.5-acre lot with garage in Upper Milford Township.

4835 SHIMERVILLE ROAD, Emmaus, PA 18049

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$750,000

1.05 Acres

Commercial Land in Growing Area

1.05 acres of commercial land ready for development.

1122 State Route 52, Loch Sheldrake, NY 12759

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Summit, NJ Auto Shops Investment Opportunities Market Analysis

Explore 1 auto shops for sale in Summit, NJ on our real estate platform. These investment opportunities span a total of 12,765 square feet of properties for sale, with an estimated market value of $0.00.

Sale prices for auto repair shops in Summit, NJ start at $0.00, averaging $0.00, and reaching up to $0.00 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Demographics Overview

Population 25K

Population Growth (5Y) +5.0%

Median Household Income $177,986

College Educated 54.3%

Taxes & Financing

Tax Rate (average for all types) 4.36%

Property Tax per SF $36.37 per sq ft

Average Loan-to-Value 65.0%

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Summit, NJ Auto Shops for Sale

Downtown Commercial Redevelopment Opportunity

Four buildings totaling 12,765 SF on approximately 1 acre.