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    12 Bank St Summit, NJ 07901

    For Lease
    Contact for pricing

    NJ Office Suites - 1,257 to 2,200 SF

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional commercial property at 12 Bank Street in Summit, New Jersey, offers a rare opportunity to lease executive office space in a highly desirable location. The building, totaling 20,000 square feet, features a multi-tenant configuration with two suites currently available. Individual suites range from a minimum of 1,257 square feet to a maximum contiguous space of 2,200 square feet, providing flexibility for businesses of various sizes. A total of 3,457 square feet is currently vacant and ready for immediate occupancy. The property is classified as both retail and office space, catering to a diverse range of potential tenants. Parking is conveniently available via street parking and a nearby municipal lot. Located in Union County, this Summit address offers easy access to major transportation routes and a vibrant business community. The property's ideal location and flexible space options make it an excellent choice for businesses seeking a prestigious and functional workspace in a thriving New Jersey market. The building's address is 12 Bank Street, Summit, NJ 07901.

    Property Features for 12 Bank St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF

    Unit(s) available at that property

    Space
    2nd floor
    Size
    1,257 SF
    Space
    1st Floor
    Size
    2,200 SF

    HighLights

    • New glass retail storefront under construction.
    • Fully built‑out second‑floor office space available.
    • Prime downtown Summit, NJ location.
    • Walking distance to the train station.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hejazi Arash DDS Dentist Managed Fitness Bar ... Weight Loss Service Saad F. Habba, ... Gastroenterologist Hometown Doc, LLC; ... Family Practice Physician Bellissima Waxing and Spa Beauty Salon

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Summit
    County
    Union
    State
    New Jersey
    Longitude
    -74.3568565
    Latitude
    40.7174118

    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Office Property / Space - NJ Office Suites - 1,257 to 2,200 SF
    Where is this office property / space located?
    The property is located at 12 Bank St Summit, NJ.
    What are key features of this property?
    This property features: New glass retail storefront under construction.; Fully built-out second-floor office space available.; Prime downtown Summit, NJ location.
    Request Owner's contact information
    12 Bank St Summit, NJ 07901
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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
    12 Bank St Summit, NJ 07901
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