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Automotive

Summit, NJ Automotive Properties for Sale

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Chatham, NJ New Providence, NJ Springfield, NJ Millburn, NJ Westfield, NJ Chatham Twp, NJ Mountainside, NJ Madison, NJ

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.

Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads

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.

Auto Body Shop Garage

Auto Body Shop Garage

526 Beach St, City Of, Orange, NJ 07050

$300,000

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

Auto Shop with Overhead Door

Auto Shop with Overhead Door

960 Koehl Ave, Union, NJ 07083

Contact for pricing

The property includes an office, bathroom, multiple entry doors, and a wide driveway.

Commercial Office and Garage in Orange

Commercial Office and Garage in Orange

511 Cary, Orange, NJ 07050

$550,000

Move-in ready office and garage with large secure lot.

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.

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.

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.

Corner Commercial Land

Corner Commercial Land

3803 Us 1, Dayton, NJ 08810

$650,000

11.50 AC lot

C-3-zoned land at a signalized? intersection with highway and local-road access.

Commercial Development Land

Commercial Development Land

812-822 US Highway 206, Hillsborough, NJ 08844

$2,995,000

7.88 AC lot

Three-lot commercial development site with 631 feet of frontage on US Highway 206 in Hillsborough’s HS zone.

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

Estimated value:

$320,000

0.17 AC lot

535 Morris Ave

PARKING LOT

535 Morris Ave, Summit, NJ 07901

Estimated value:

$4,750,000

0.24 AC lot

10 Aubrey St

PARKING LOT

10 Aubrey St, Summit, NJ 07901

Estimated value:

$4,750,000

0.16 AC lot

6 Aubrey St

PARKING LOT

6 Aubrey St, Summit, NJ 07901

Estimated value:

$4,750,000

0.17 AC lot

8 Aubrey St

PARKING LOT

8 Aubrey St, Summit, NJ 07901

Estimated value:

$4,750,000

0.16 AC lot

1 Chatham Rd

GAS STATION

1 Chatham Rd, Summit, NJ 07901

Estimated value:

$495,000

1.17 AC lot

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

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)

How Realmo verifies these figures

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