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20 Franklin Pl Summit, NJ 07901

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

Property size:
12,765 SF
Lot size:
0.94 Acres

Property Features for 20 Franklin Pl

General Information

Size
12,765 SF
Lot size
0.94 Acres

Source: The Blau & Berg Company Agent Ashley Rosa

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


Overview

Downtown Commercial Redevelopment Opportunity

This property features four buildings, with a total area of approximately 12,765 square feet. Three of the buildings are currently occupied. Building A has an area of approximately 3,665 square feet. Building B contains approximately 6,130 square feet, including approximately 3,920 square feet on the main floor and approximately 2,210 square feet of upstairs storage space. Building C has an area of approximately 1,890 square feet, while Building D contains approximately 1,080 square feet. Existing tenants include an auto repair shop and other commercial trades. The lot size is approximately 1 acre, identified as Block 3401, Lot 18. The land use is designated for commercial buildings. Zoned R5, the site allows single-family use, and all existing commercial uses are compliant and permitted to remain. This site presents a unique redevelopment opportunity, subject to local approval, for heavy commercial use in the downtown area. The property taxes for 2023 were $26,126.30.
Insight Report Location Intelligence

Current Use by Public Records

Office buildings

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
-74.3526901
Latitude
40.7165101

FAQs

What type of property is this?
Office building - Four buildings totaling 12,765 SF on approximately 1 acre.
Where is this office building located?
The property is located at 20 Franklin Pl Summit, NJ.
What are key features of this property?
This property features: - 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).
More about this property
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