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Summit, NJ

Retail

Summit, NJ Retail Properties & Spaces for Sale

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Chatham, NJ Mountainside, NJ Springfield, NJ New Providence, NJ Millburn, NJ Chatham Twp, NJ Westfield, NJ Berkeley Heights, NJ

Downtown Commercial Redevelopment Opportunity

Updated: May 15, 2024

Downtown Commercial Redevelopment Opportunity

20 Franklin Pl, Summit, NJ

Contact for pricing

12,765 sqft 0.94 AC lot

Rare opportunity for heavy commercial use in a downtown area.
Property consists of 4 buildings (3 occupied) totaling ±12,765 SF.
Zoned R5, allowing single‑family use and existing commercial uses to remain (CO'd).
Site offers a unique redevelopment opportunity (subject to local approval).
Lot size at ±1 acre.

Commercial Land with Retail Buildings

Updated: Nov 23, 2023

Commercial Land with Retail Buildings

20 Franklin Pl, Summit, NJ 07901

Contact for pricing

12,765 sqft 1.00 AC lot

12,765 SF total commercial buildings on approx. 1‑acre site
Approx. 0.25 miles to NJ Transit Train Summit Station
Approx. 1.3 miles to I‑78
Approx. 2.5 miles to The Mall at Short Hills
Approx. 12.2 miles to Newark Liberty International Airport

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 25 Potential Opportunities for your consideration. Besides 2 Active listings in Summit, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 15 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Retail Space Available For Sale

Retail Space Available For Sale

697 Morris Tpke, Springfield, NJ 07081

Contact for pricing

4,000 sqft

Retail space for sale in Springfield, NJ with 4000 SF.

Renovated Mixed-Use Building

Renovated Mixed-Use Building

54 Main St, Chatham, NJ 07928

Contact for pricing

Corner commercial building currently configured as an attorney office, with parking and access to downtown transportation.

Mixed-Use Property with Retail Frontage

Mixed-Use Property with Retail Frontage

270 Morris Ave, Springfield, NJ 07081

Contact for pricing

Street-level retail is paired with a second-floor apartment in a two-story mixed-use property.

Single-Story Storefront Property

Single-Story Storefront Property

221 Main St, Chatham, NJ 07928

Contact for pricing

Commercial building near Main Street with access to several regional highways and toll roads.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Vacant Land Site For Sale

Vacant Land Site For Sale

1824 Springfield Ave, Maplewood, NJ 07040

Contact for pricing

Vacant land available on Springfield Ave, Maplewood, NJ.

Commercial Land with Development Potential

Commercial Land with Development Potential

1594 Maple Ave, Hillside, NJ 07205

$599,900

Land with frontage in RC Zone, development possibilities.

Commercial Land with Development Plans

Commercial Land with Development Plans

510 SO Orange Ave, Newark, NJ 07103

$295,000

0.06 AC lot

Plans envision a mixed-use building, with public sewer identified for the site.

Development Opportunity in University Heights

Development Opportunity in University Heights

295 Morris Ave, Newark, NJ 07103

$1,600,000

Approved for 27 units and 5,500 SF commercial space.

Off-Market Properties in Summit, NJ

Consider similar Off-Market properties in Summit, NJ. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

795 Old Springfield Ave

GAS STATION

795 Old Springfield Ave, Summit, NJ 07901-1160

$320,000

Estimated value

0.17 AC lot

535 Morris Ave

PARKING LOT

535 Morris Ave, Summit, NJ 07901

$4,750,000

Estimated value

0.24 AC lot

10 Aubrey St

PARKING LOT

10 Aubrey St, Summit, NJ 07901

$4,750,000

Estimated value

0.16 AC lot

6 Aubrey St

PARKING LOT

6 Aubrey St, Summit, NJ 07901

$4,750,000

Estimated value

0.17 AC lot

8 Aubrey St

PARKING LOT

8 Aubrey St, Summit, NJ 07901

$4,750,000

Estimated value

0.16 AC lot

1 Chatham Rd

GAS STATION

1 Chatham Rd, Summit, NJ 07901

$495,000

Estimated value

1.17 AC lot

67 Smt Ave

FINANCIAL BUILDING

67 Smt Ave, Summit, NJ 07901-3689

$405,000

Estimated value

0.29 AC lot

128 Ashwood Ave

NURSERY, GREENHOUSE, FLORIST

128 Ashwood Ave, Summit, NJ 07901-3823

$350,000

Estimated value

3,056 sqft 0.81 AC lot

27 Smt Ave

FINANCIAL BUILDING

27 Smt Ave, Summit, NJ 07901-3545

$430,000

Estimated value

1,600 sqft 0.86 AC lot

436 Springfield Ave

Airport retail

436 Springfield Ave, Summit, NJ 07901

Value Estimation by Request

9,290 sqft

33 Union Pl

Office Spaces

33 Union Pl, Summit, NJ 07901

Value Estimation by Request

15,000 sqft

341 Springfield Ave

FINANCIAL BUILDING

341 Springfield Ave, Summit, NJ 07901-4603

$455,000

Estimated value

5,931 sqft 0.14 AC lot

43 Division Ave

NURSERY, GREENHOUSE, FLORIST

43 Division Ave, Summit, NJ 07901-2338

$340,000

Estimated value

1.46 AC lot

48 Deforest Ave, Unit 50

FINANCIAL BUILDING

48 Deforest Ave, Summit, NJ 07901-1920

Unit 50

$620,000

Estimated value

4,428 sqft 0.33 AC lot

88 Baltusrol Rd

NURSERY, GREENHOUSE, FLORIST

88 Baltusrol Rd, Summit, NJ 07901-3338

$290,000

Estimated value

1,400 sqft 0.78 AC lot

Summit, NJ Retail Properties & Spaces Market Trends and Statistics

Explore 17 retail properties & spaces for sale in Summit, NJ on our real estate platform. These investment opportunities span a total of 25,530 square feet of properties for sale.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 25K

Population Growth (5Y) +5.0%

Median Household Income $177,986

College Educated 54.3%

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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