791-795 Old Springfield Ave - Auto Repair FOR SALE


Summit, NJ 07901
$1,100,000 USD
908-334-0083
791-795 Old Springfield Ave, Summit, NJ for Sale
$1,100,000 USD
Auto Repair - FOR SALE
1/2
null | Request Cap Rate

791-795 Old Springfield Ave
Summit, NJ 07901


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$393 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

Neighborhood Business

APN/PARCEL ID

18-01606-0000-00002

ASK ABOUT THIS PROPERTY

Lee Barnes, CCIMWoodman Group LLCMore Info
908-334-0083

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Lee Barnes, CCIMWoodman Group LLCMore Info
908-334-0083

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.