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MixedUse For Sale

53 Summit Ave, Summit City, Union 07901-3613

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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.

Basic Details
Property Type:
MixedUse
Listing Type:
For Sale
Listing ID:
4032916
Price:
$2,100,000
Year Built:
9999
Lot Area:
0.06 Acre
Status:
Active
Office Name:
KELLER WILLIAMS REALTY
Roof:
Asphalt Shingle
Features
Heating System:
Baseboard - Hotwater, 4+ Units
Cooling System:
Central Air, 1 Unit, Wall A/C Unit(s)
Basement:
Full, Walkout, Storage, Finished-Partially
Flooring:
Wood, Tile, Concrete, Carpeting
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Address Map
Country:
US
State:
Union
County:
Union
City:
Summit City
Zipcode:
07901-3613
Street:
Summit Ave
Street Number:
53
Longitude:
W75° 38' 37.6''
Latitude:
N40° 42' 59.6''
Directions:
Corner of Summit Avenue and Franklin Place
Zoning:
CBD
Additional Information
Lot Size Dimensions:
41X64
Water Source:
Public Water
Stories Total:
2
Number Of Units Total:
5
Lot Features:
Corner
Building Size:
4200
Financial
Tax Annual Amount:
19783
Listing Information
List Agent Mls Id:
268095
List Office Mls Id:
5328
Mls Status:
Active
Modification Timestamp:
2026-06-09T03:02:10Z
Originating System Name:
gsmls
MixedUse For Sale
Listing ID:
4032916
Lot Area:
0.06 Acre
$2,100,000
Agent info
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Address: 637 Wyckoff Ave, 2nd Floor, Office 1
Wyckoff, NJ 07481
Phone: 201-891-8200
Email: info@myrealestatemission.com