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791-795 Old Springfield Ave

2,800 SF Retail Building Summit, NJ 07901 £869,011 (£310/SF)

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
Development Sale
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,800 SF
Building Class
C
Year Built
1950
Price
£869,011
Price Per SF
£310
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Land Acres
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 Route
  • Commuter Rail
  • Signalised Intersection
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PROPERTY TAXES

Parcel Number 18-01606-0000-00002 Improvements Assessment £69,748
Land Assessment £72,825 Total Assessment £142,572

PROPERTY TAXES

Parcel Number
18-01606-0000-00002
Land Assessment
£72,825
Improvements Assessment
£69,748
Total Assessment
£142,572
(908) 334-0083

  • Listing ID: 33207175

  • Date on Market: 17/09/2024

  • Last Updated:

  • Address: 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 NEIGHBOURHOODS

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© 2024 CoStar Group

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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