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791-795 Old Springfield Ave

2,800 SF Retail Building Summit, NJ 07901 $1,100,000 ($393/SF)

Retail Space New Jersey Summit 791-795 Old Springfield Ave, Summit, NJ 07901

Investment Highlights

  • Traffic Count is approximately 8,000 vehicles/day
  • 300 Feet from the New Providence Train Station and easy accessibility to downtown Summit and New Providence

Executive Summary

The site is in a highly desirable area at a 4 way intersection in affluent Summit, NJ. The property is approximately .67 acres on two connected lots which includes a former auto repair garage. The property is in the NB zone (Neighborhood Business) which is generous in terms of the permitted uses(retail sales, professional offices, residential uses, etc.). This is a great redevelopment opportunity!! Minutes from Downtown Summit and New Providence and 300 feet from the New Providence Train Station (NJ Transit). The property is being delivered vacant.

Attachments

791-795 Old Springfield Avenue, Summit, NJ Property Flyer

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,800 SF
Building Class
C
Year Built
1950
Price
$1,100,000
Price Per SF
$393
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.67 AC
Zoning
Neighborhood Business - The property is in the NB zone (Neighborhood Business) which is generous in terms of the permitted uses(retail sales, professional offices, etc.).
Frontage
300 FT on Old Springfield Avenue

Amenities

  • Bus Line
  • Commuter Rail
  • Signalized Intersection
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Nearby Major Retailers

Kings
Lakeland Bank
Pure Barre
ACME
Starbucks
Chopt
Orangetheory Fitness

PROPERTY TAXES

Parcel Number 18-01606-0000-00002 Improvements Assessment $88,400
Land Assessment $92,300 Total Assessment $180,700

PROPERTY TAXES

Parcel Number
18-01606-0000-00002
Land Assessment
$92,300
Improvements Assessment
$88,400
Total Assessment
$180,700
(908) 334-0083

Contact

  • Listing ID: 33207175

  • Date on Market: 9/17/2024

  • Last Updated:

  • Address: 791-795 Old Springfield Ave, Summit, NJ 07901

More public record information on 791-795 Old Springfield Ave, Summit, NJ 07901

The Retail Property at 791-795 Old Springfield Ave, Summit, NJ 07901 is currently available for sale. Contact Woodman Group LLC for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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791-795 Old Springfield Ave
(908) 334-0083 x

791-795 Old Springfield Ave

Lee Barnes, CCIM

(908) 334-0083

(908) 334-0083

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