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    Summit, NJ
    Live - Work Space

    Summit, NJ Live-work Space for Sale

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    Chatham, NJ New Providence, NJ Springfield, NJ Millburn, NJ Chatham Twp, NJ Mountainside, NJ Madison, NJ Westfield, NJ
    Corner Mixed-Use Building
    Updated: Jun 10
    Corner Mixed-Use Building

    53 Summit Ave, Summit, NJ 07901

    $2,100,000
    4,200 sqft
    Corner mixed‑use building in Downtown Summit with ground‑floor commercial space
    Three residential apartments on the second level: one 1‑bedroom and two studio apartments
    Lower level offers expansive flexible space with direct exterior access
    Residential tenants have a dedicated private entrance from Franklin Place
    Located steps from the Summit Parking Garage and NJ Transit train station with direct service to New York City
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Summit, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Property with Residential Component
    Mixed-Use Property with Residential Component

    1520 Richmond Ave, Staten Island, NY 10314

    $849,900
    1,700 sqft 0.07 AC lot

    Commercial and residential components support owner occupancy, professional use, or rental income.

    View details
    Mixed-Use Brick Live-Work Building
    Mixed-Use Brick Live-Work Building

    95 Main St, Millburn, NJ 07041

    $1,500,000
    1,950 sqft

    Brick detached mixed-use building with an active storefront on the main level and a 2-bedroom residence above.

    View details
    Mixed-Use Property with Commercial Space
    Mixed-Use Property with Commercial Space

    1520 Richmond Avenue, Staten Island, NY 10314

    $849,000

    Commercial and residential components support professional occupancy, owner use, or rental arrangements.

    View details
    Freestanding Mixed-Use Building
    Freestanding Mixed-Use Building

    393 Millburn Ave, Millburn, NJ 07041

    Contact for pricing

    B4 central business zoning permits retail, office, showroom, and instructional studio uses.

    View details

    Summit, NJ Live-Work Space Market Trends and Statistics

    Explore 1 live-work space for sale in Summit, NJ on our real estate platform. These investment opportunities span a total of 4,200 square feet of properties for sale, with an estimated market value of $2,100,000.

    Sale prices for live-work properties in Summit, NJ average $2,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 10
    Office buildings 4
    Medical Office Space 2

    Demographics Overview

    Population 25K
    Population Growth (5Y) +5.0%
    Median Household Income $177,986
    College Educated 54.3%

    High-Yield Neighborhoods for Investment

    Identify Summit submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    07901 $2.1M

    Taxes & Financing

    Tax Rate (average for all types) 4.36%
    Property Tax per SF $36.37 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Union County

    New Delisted

    Total CRE Inventory on Market (SF)

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