436 Springfield Ave Summit, NJ 07901
This exceptional commercial property, located at 436 Springfield Ave in Summit, NJ (07901), offers 4,000 square feet of vacant space in a 9,290 square foot building. The property is a Class B building, constructed in 1900 and extensively renovated in 2022. Suites range from 1,500 to 4,000 contiguous square feet, with the possibility of combining second-floor spaces for a total of over 4,000 square feet. The building features two stories and is situated in the CB - Commercial Business District, offering convenient access to local amenities. The property is located near the intersection of Springfield Avenue and Maple Street, close to Summit's finest restaurants. While there is no on-site parking, the location provides easy access to public transportation and nearby parking options. The property is zoned for commercial business use and is ideal for a variety of office uses, including traditional, executive, coworking, medical, and creative office spaces. Annual property taxes are $5.24 per square foot. The building currently has a total of four suites. This is a fantastic opportunity to establish a presence in the vibrant downtown Summit area, a short train ride from New York Penn Station. Floor plans are available upon request.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.