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Summit, NJ Automotive Properties for Sale

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Newark, NJ Paterson, NJ Trenton, 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 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.

Explore Opportunities in Nearby Cities

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

$1,300,000

1,098 SF

Westfield Auto Repair Facility

Well-located auto repair facility in Westfield Town, NJ for sale.

459 North Ave, Westfield, NJ 07090

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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.

$6,400,000

East Orange Warehouse/Land Opportunity

85,000 sq ft lot with 9,000 sq ft warehouse.

10 PARK AVE, East Orange, NJ 07017

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$6,400,000

85,000 SF

East Orange Warehouse and Land

85,000 sq ft lot with 9,000 sq ft warehouse.

10 PARK AVE, East Orange, NJ 07017

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Contact for pricing

Gated Lots for Parking/Storage

Gated double lots ideal for parking or storage purposes.

716 6th, Newark, NJ 7107

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$300,000

0.06 Acres

Waterfront Buildable Lot Opportunity

Buildable waterfront lot in Perth Amboy, New Jersey.

50-52 Broad Street, Perth Amboy, NJ 08861

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Explore 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.

GAS STATION • 1.17 Acres

Value Estimation by Request

1 Chatham Rd, Summit, NJ 07901

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Summit, NJ Automotive Properties Investment Opportunities Market Analysis

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, with an estimated market value of $0.00.

Sale prices for automotive businesses 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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Operating Costs & Financing

Average Loan-to-Value is 65.0%.

Effective Property Tax $36.37 per sq ft

Tax Rate 4.36%

Avg Loan-to-Value 65.0%

New Listings Trend, 12 Mo

Number of new listings by month over the past year in Summit.

Leading Commercial Asset Segments

Summit Demographics Overview

Population 25K

Population Growth (5Y) +5.0%

Median Household Income $177,986

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Summit, NJ Automotive Properties for Sale

Downtown Commercial Redevelopment Opportunity

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