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20 Franklin Pl 12,765 SF Vacant Flex 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 | Rentable Building Area | 12,765 SF |
| Property Type | Flex | No. Stories | 1 |
| Building Class | C | Year Built | 1900 |
| Lot Size | 0.94 AC | ||
| Zoning | R5 - auto repair, industrial outdoor storage. parking | ||
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 0.94 AC |
| Rentable Building Area | 12,765 SF |
| No. Stories | 1 |
| Year Built | 1900 |
| Zoning | R5 - auto repair, industrial outdoor storage. parking |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Floor
- 12,765 SF
- Flex
- Partial Build-Out
- Apr 2028
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 12,765 SF | Flex | Partial Build-Out | Apr 2028 |
1st Floor
| Size |
| 12,765 SF |
| Space Use |
| Flex |
| Build-Out |
| Partial Build-Out |
| Available |
| Apr 2028 |
Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
50/100
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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