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    Summit, NJ
    Retail

    Summit, NJ Retail Space for Sale

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    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
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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.

    Retail Storefront Investment
    Retail Storefront Investment

    321 Millburn Ave, Millburn, NJ 07041

    Contact for pricing
    14,626 sqft

    Retail property offered for sale with a reported 7.00% cap rate.

    View details
    Retail Space for Sale
    Retail Space for Sale

    2515 Vauxhall Rd, Union, NJ 07083

    Contact for pricing
    2,000 sqft

    Retail space for sale with approximately 2,000 SF of area.

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    Updated Storefront Commercial Unit
    Updated Storefront Commercial Unit

    1300 Burnet Avenue, Union, NJ 07083

    Contact for pricing
    0.27 AC lot

    Open-plan commercial space with fresh finishes, storage, and access to shared parking in a strip mall setting.

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    Versatile Retail and Office Building
    Versatile Retail and Office Building

    565 Millburn Ave, Millburn, NJ 07078

    Contact for pricing
    6,500 sqft

    Commercial building with a flexible layout suited for retail, office, or professional services in the Short Hills area.

    View details

    Summit, NJ Retail Space Market Trends and Statistics

    Explore 1 retail space for sale in Summit, NJ on our real estate platform. These investment opportunities span a total of 12,765 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 3
    Auto shops 1
    Automotive properties 1

    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 $300K

    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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