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Versatile Commercial Space in Summit
For Lease
$1,400/Mo

513 Morris Ave, Summit, NJ 07901

Spacious commercial space with basement near downtown Summit.

Space SizeContact for details
Days on Market95

Property Features for 513 Morris Ave

General Information

Standard status Active
Zoning R3

Taxes and HOA fees

Annual Taxes $14,705

Amenities

Baseboard, Natural Gas
Full, Unfinished
Listing Agency: PREMIER HOMES
Listed By: BRIAN ANTONIO MARTINEZ
Source: Evrealestate
Added: May 26 Changed: Aug 26 Last Checked: Aug 28 at 6:51AM

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 PREMIER HOMES

Investment Insights

Based on property information with market context.

This commercial space is located in Summit and features 3 private rooms/offices, 1 full bathroom, and generous open space. A large full basement is suitable for workshop, storage, inventory, studio, or business operations, but not for residential use. The layout is suited for professional offices, creative workspace, medical, consulting, retail service, or a small business headquarters. The property is located near downtown Summit, major highways, public transportation, restaurants, and local businesses. Shared parking is available, with additional parking behind the building.

Key Highlights

  • Prime location in the heart of Summit, near downtown, highways, public transportation, restaurants, and local businesses.
  • Versatile space suitable for professional offices, creative workspace, medical, consulting, retail service, or small business headquarters.
  • Features 3 private rooms/offices, 1 full bathroom, and generous open space.

Property Analytics

Current Use

Antonio's Deli and Pizzeria Restaurant

Suggested Use

Top Pick Nail Salon Storage Facility Barber Shop Grocery & Convenience Store Daycare Center Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

523
Businesses Nearby

Demographics for 07901, NJ

24,199
Population
9,477
Households
2.6
Avg Household Size
40
Median Age
72%
College-Educated
96%
High-School Grad
6.3 sq mi
ZIP Area
3,841
Density / Sq Mi
$177,986
Median Household Income
$87,088
Median Earnings
$2,209
Median Rent
$958,700
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Spacious commercial space with basement near downtown Summit.
Where is this office units located?
The property is located at 513 Morris Ave Summit, NJ.
What is the lease rate?
The lease rate is $1,400/Mo.
What are key features of this property?
This property features: Prime location in the heart of Summit, near downtown, highways, public transportation, restaurants, and local businesses.; Versatile space suitable for professional offices, creative workspace, medical, consulting, retail service, or small business headquarters.; Features 3 private rooms/offices, 1 full bathroom, and generous open space.
More about this property
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