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20 Franklin Pl 12,765 SF 100% Leased Retail Building Summit, NJ 07901 For Sale
Investment Highlights
- Property Consists of 4 Buildings (3 Occupied) Totaling ±12,765 SF
- Lot Size at ±1 Acre (Block 3401, Lot 18)
- Site Offers Unique Redevelopment Opportunity (Subject to Local Approval)
- Existing Tenants Include Auto Repair Shop and Other Commercial Trades
- Rare Opportunity for Heavy Commercial Use in Downtown Area
- Zoned R5 (Single Family Use Allowed and All Existing Commercial Uses Are CO’d and Allowed to Remain
Executive Summary
Please call for sale price. 1 acre of land. 12,765 square feet total building size. *** Can Be Fully Vacated by Q4 2026***
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
12,765 SF
Building Class
C
Year Built
1900
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.93 AC
Zoning
R5
Parking
7 Spaces (0.55 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Storage Space
Walk Score®
Very Walkable (88)
Nearby Major Retailers
Property Taxes
| Parcel Number | 18-03401-0000-00018 | Improvements Assessment | $371,000 |
| Land Assessment | $239,000 | Total Assessment | $610,000 |
Property Taxes
Parcel Number
18-03401-0000-00018
Land Assessment
$239,000
Improvements Assessment
$371,000
Total Assessment
$610,000
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20 Franklin Pl
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