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    Summit, NJ
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    Summit, NJ Automotive Properties for Sale

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    Downtown Commercial Redevelopment Opportunity
    Updated: May 15, 2024
    Downtown Commercial Redevelopment Opportunity

    20 Franklin Pl, Summit, NJ

    Contact for pricing
    12,765 sqft 0.94 AC lot
    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.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 1 Active listings in Summit, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 6 Off-Market properties to explore as potential leads, 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.

    6,000 SF Commercial Building
    6,000 SF Commercial Building

    1415 Stuyvesant Ave, Union, NJ 07083

    $1,495,000
    6,000 sqft 0.41 AC lot

    6,000 SF commercial building with parking on approximately 0.5 acres.

    View details
    Commercial Property Near Train Station
    Commercial Property Near Train Station

    419 Valley St, City Of, Orange, NJ 07050

    $1,800,000
    5,500 sqft 0.38 AC lot

    Versatile commercial space near Highland Ave train station.

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    Flex-Warehouse Unit with Drive-In Doors
    Flex-Warehouse Unit with Drive-In Doors

    515 LEHIGH AVE Unit 5, Union, NJ 07083

    Contact for pricing
    1,900 sqft

    Refurbished flex-warehouse with 20-ft clear height, two drive-in doors, private bathroom, and five dedicated parking spaces.

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    Auto Body Shop Garage
    Auto Body Shop Garage

    526 Beach, Orange, NJ 07050

    $300,000

    Commercial garage/auto body shop offering a functional layout with ample workspace, high ceilings, and vehicle access.

    View details

    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.

    Gated Lots for Parking/Storage
    Gated Lots for Parking/Storage

    716 6th, Newark, NJ 07107

    Contact for pricing

    Gated double lots ideal for parking or storage purposes.

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    Industrial Lot in Redevelopment Zone
    Industrial Lot in Redevelopment Zone

    415 Bergen Ave, Kearny, NJ 07032

    Contact for pricing
    0.75 AC lot

    Approximately 0.75-acre industrial lot in a redevelopment zone.

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    Buildable Land Near Public Mall
    Buildable Land Near Public Mall

    4658 Arthur Kill Rd, Staten Island, NY 10309

    $275,000

    Vacant land suitable for parking, warehouse, or residential projects.

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    Vacant Land in Downtown Matawan
    Vacant Land in Downtown Matawan

    98 Main Street, Matawan, NJ 07747

    Contact for pricing
    1,094 sqft

    Vacant land with high visibility and convenient access to highways.

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    Off-Market Properties in Summit, NJ

    Consider similar Off-Market properties in Summit, NJ. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    795 Old Springfield Ave
    GAS STATION

    795 Old Springfield Ave, Summit, NJ 07901-1160

    Value Estimation by Request
    0.17 AC lot
    View details
    535 Morris Ave
    PARKING LOT

    535 Morris Ave, Summit, NJ 07901

    $4,230,000
    Estimated value
    0.24 AC lot
    View details
    10 Aubrey St
    PARKING LOT

    10 Aubrey St, Summit, NJ 07901

    $4,240,000
    Estimated value
    0.16 AC lot
    View details
    6 Aubrey St
    PARKING LOT

    6 Aubrey St, Summit, NJ 07901

    $4,245,000
    Estimated value
    0.17 AC lot
    View details
    8 Aubrey St
    PARKING LOT

    8 Aubrey St, Summit, NJ 07901

    $4,240,000
    Estimated value
    0.16 AC lot
    View details
    1 Chatham Rd
    GAS STATION

    1 Chatham Rd, Summit, NJ 07901

    Value Estimation by Request
    1.17 AC lot
    View details

    Summit, NJ Automotive Properties Market Trends and Statistics

    Explore 7 automotive properties 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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Auto shops 1

    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 SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Union County

    New Delisted

    Total CRE Inventory on Market (SF)

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