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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    18 Morris Tpke, Summit, NJ 07901-4036

    2,052 SF 0.1 ac lot Built 1954
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US59-0938397
    Property summary
    AI-generated overview

    This exceptional 800-square-foot freestanding retail space presents a unique opportunity for a single-tenant business in the vibrant Summit, New Jersey market. Located at 18 Morris Turnpike, this property boasts a prime location with high visibility and excellent accessibility. The building is currently vacant and ready for immediate occupancy, offering a blank canvas for your business vision. The 0.1-acre lot provides ample space for customer parking, with four spaces conveniently available. The property's classification as a proposed pad site and redevelopment opportunity suggests potential for future expansion or customization to meet specific business needs. Situated in Union County, this location benefits from a strong local economy and a dense population base, ensuring high foot traffic and potential customer reach. The single-tenant occupancy ensures complete control and flexibility for the lessee. This is an ideal space for a variety of retail businesses seeking a high-profile location in a thriving community. The address is 18 Morris Turnpike, Summit, NJ 07901. This property offers a rare combination of size, location, and potential, making it an exceptional investment opportunity for discerning businesses. The property is easily accessible from major roadways, ensuring convenient access for both customers and employees. Don't miss this chance to establish your business in a highly desirable location.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1954
    Construction CONCRETE BLOCKS
    Total area 2,052 SF
    Lot 0.1 ac (4,500 SF)
    Zoning code B
    APN 18 03803-0000-00001
    UPID US59-0938397
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • M AND A BP Gas Station
    • M & A Repair LLC Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    P & K Fuel LLC · 5 yrs held
    P & K Fuel LLC
    since 2020
    Last sale
    $300,000
    1 recorded transaction
    2020
    $300,000
    Zoning & alternative use
    B · Summit, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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