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$2,100,000
Est. payment /mo
4,200 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $500
MLS Listing ID 4032916
Annual Tax Amount $19,783
Tax Year 2025
Lot Size 2,613 Sqft
Property Sub-Type Mixed Use
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.
Location
State NJ
County Union
Zoning CBD
Rooms
Basement Finished-Partially, Full, Storage, Walkout
Interior
Heating Gas-Natural
Cooling 1 Unit, Central Air, Wall A/C Unit(s)
Flooring Carpeting, Concrete, Tile, Wood
Equipment Restrooms - Private, Smoke Detector, Sprinkler System, Storage Area(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Corner
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by KELLER WILLIAMS REALTY
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