SQUARE FEET4,200
MLS#4032916
STATUS
PROPERTY TYPECommercial - Office
Property Description
Positioned in the heart of Downtown Summit, this exceptional corner mixed-use property presents a rare opportunity to acquire a premier investment in one of New Jersey's most desirable and vibrant downtown districts. The property features three residential apartments on the second level including one one-bedroom residence and two studio apartments complemented by commercial space on the ground floor.The lower level offers expansive flexible space with direct exterior access, creating additional potential for storage, operations, creative workspace, or supplemental use opportunities. Residential tenants enjoy a dedicated private entrance from Franklin Place.Ideally situated just steps from the Summit Parking Garage, NJ Transit train station with direct service to New York City, boutique shopping, acclaimed dining, and everyday conveniences, the property benefits from exceptional visibility, strong pedestrian traffic, and a highly walkable commuter-centric location. The luxury townhome development along Franklin Place further enhances the long-term appeal and investment potential of this dynamic downtown corridor.Ideal for investors seeking stable mixed-use income, an owner-user desiring a flagship downtown presence, or a developer, this offering represents a unique opportunity within Summit commercial market.
Property Features
Property Type: Commercial - Office
Basement: Yes
Basement: Finished-Partially, Full, Storage, Walkout
Cooling: 1 Unit, Central Air, Wall A/C Unit(s)
Fuel Type: Gas-Natural
Heating: 4+ Units, Baseboard - Hotwater
Lot Size: 0.06 Acres
Roof Type: Asphalt Shingle
Stories: 2.0
Taxes: $19,783
Feature Descriptions
Days on Site: 86
Equipment Available: Restrooms - Private, Smoke Detector, Sprinkler System, Storage Area(s)
Exterior: Brick/Block
Flooring: Carpeting, Concrete, Tile, Wood
Location: Business District, Corner, Freestanding
Lot: Corner
Lot Dimensions: 0.06 acre(s)
Max Door height: 0
Number of Doors: 0
Sewer: Public Sewer
Units: 5
Utilities: Electric, Gas-Natural
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: KELLER WILLIAMS REALTY
Agency Contact: 908-477-1010
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
53 Summit Ave | MLS# 4032916
This commercial property located at 53 Summit Ave, Summit, NJ 07901 is currently listed for sale with an asking price of $2,100,000. Search Summit real estate on www.realtymark.net today.