20 Franklin Pl Summit, NJ
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Four buildings totaling 12,765 SF on approximately 1 acre.
Type:OFFICE
Property size:
12,765 SFLot size:
0.94 Acres- Added:
- May 15, 2024
- Days on Market:
- 724
- Last Refresh:
- Apr 5 at 10:27 pm
Property Features for 20 Franklin Pl
General Information
- Standard status
- Active
- Size
- 12,765 SF
- Lot size
- 0.94 Acres
- Property subtype
- OFFICE
Listing agent Ashley Rosa
Listing office The Blau & Berg Company (973) 379-6644
Listing date May 15, 2024
Source Moodyscre
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
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).
- Site offers a unique redevelopment opportunity (subject to local approval).
- Lot size at ±1 acre.
- Existing tenants include an auto repair shop and other commercial trades.
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Summit
- County
- Union
- State
- New Jersey
- Longitude
- -74.3527
- Latitude
- 40.7165
Nearby Similar for Sale
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).
