Downtown Commercial Redevelopment
For Sale
Contact for pricing
Pending
20 Franklin Pl, Summit, NJ
Four buildings totaling 12,765 SF on approximately 1 acre.
Property Size12,765 SF
Lot Size0.94 Acres
Days on Market818
Property Features for 20 Franklin Pl
General Information
Standard status
Pending
Size
12,765 SF
Lot size
0.94 Acres
Property subtype
OFFICE
Listing Agency:
The Blau & Berg Company
(973) 379-6644
Listed By:
Jack Schlenger · License #1540828
(908) 956-3832
Source:
Moodyscre
Added: May 15, 2024
Changed: Aug 9
Last Checked: Aug 9 at 1:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Blau & Berg Company
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,957
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
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).
