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    321 Springfield Ave Summit, NJ 07901

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    For Lease
    Contact for pricing

    Retail space available for lease in Summit, New Jersey.

    Property size:
    6,688 SF
    Lot size:
    0.14 Acres

    Property Features for 321 Springfield Ave

    General Information

    Size
    6,688 SF
    Lot size
    0.14 Acres

    Source: Sheldon Gross Realty Agent Eric Weston

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space Available For Lease

    This retail space, encompassing 6,688 square feet, is available for lease in Summit, New Jersey. The lease is structured as modified gross.
    Insight Report Location Intelligence

    Current Use by Public Records

    Passion for Spices™ LLC Spice Store The Meat House Butcher Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Summit
    County
    Union
    State
    New Jersey
    Longitude
    -74.3552801
    Latitude
    40.7183409

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    FAQs

    What type of property is this?
    Retail space - Retail space available for lease in Summit, New Jersey.
    Where is this retail space located?
    The property is located at 321 Springfield Ave Summit, NJ.
    What are key features of this property?
    This property features: - Modified gross lease; - Additional property details
    (973) 325-6200
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    Summit, NJ 07901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    321 Springfield Ave Summit, NJ 07901
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