53 Summit Ave,Summit City, NJ 07901
Summit City, NJ 07901
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.
Details
| MLS # | 4032916 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Under Contract |
| Year | 9999 |
| Days On Site | 104 |
| Listing Provided By | KELLER WILLIAMS REALTY | BARBARA LEWIS |
Features
| Basement | Y |
|---|---|
| Story(s) | 2 |
| Units | 5 |
| Zoning | CBD |
Taxes
| Property | 19783 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Union |
| City | Summit City |
| Zip Code | 07901 |
| Area | Union |
| Listing VS Median (in 07901) | |
Price: $2,100,000 low | high Med: $1,292,500 On site: 104 low | high Med: 154 | |
Market Activity 07901
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Learn More About This Property
| State | NJ |
|---|---|
| County | Union |
| City | Summit City |
| Zip Code | 07901 |
| Area | Union |
| Listing VS Median (in 07901) | |
Price: $2,100,000 low | high Med: $1,292,500 On site: 104 low | high Med: 154 | |
