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    Commercial Land with Retail Buildings
    Updated: Nov 23, 2023
    Commercial Land with Retail Buildings

    20 Franklin Pl, Summit, NJ 07901

    Contact for pricing
    12,765 sqft 1.00 AC lot
    12,765 SF total commercial buildings on approx. 1‑acre site
    Approx. 0.25 miles to NJ Transit Train Summit Station
    Approx. 1.3 miles to I‑78
    Approx. 2.5 miles to The Mall at Short Hills
    Approx. 12.2 miles to Newark Liberty International Airport
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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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Summit, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Development Opportunity Overlooking Golf Course
    Development Opportunity Overlooking Golf Course

    1 Pierson Rd, Maplewood, NJ 07040

    $1,900,000
    1.47 AC lot

    Rare 1.47-acre development site with golf course views.

    View details
    Scotch Plains Development Opportunity
    Scotch Plains Development Opportunity

    401 Acacia Road, Scotch Plains, NJ 07076

    $3,500,000
    6.37 AC lot

    6.37 acres in Scotch Plains, endless development potential.

    View details
    Vacant Land Site For Sale
    Vacant Land Site For Sale

    1824 Springfield Ave, Maplewood, NJ 07040

    Contact for pricing

    Vacant land available on Springfield Ave, Maplewood, NJ.

    View details
    Residential Land in Prime Location
    Residential Land in Prime Location

    Scotch Plains, NJ 07076

    $299,999
    0.07 AC lot

    Land in desirable area, close to transportation, schools, and shopping.

    View details

    Summit, NJ Land Market Trends and Statistics

    Explore 1 land for sale in Summit, NJ on our real estate platform. These investment opportunities span a total of 43,560 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Commercial land 1

    Demographics Overview

    Population 25K
    Population Growth (5Y) +5.0%
    Median Household Income $177,986
    College Educated 54.3%

    High-Yield Neighborhoods for Investment

    Identify Summit submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    07901 $650K

    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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