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53 Summit Ave #53Summit City, NJ 07901

Commercial · 4,200 Sq. ft. | 0.06 Acres
$2,100,000 Active

53 Summit Ave #53 Overview

Time on Site:
21 days
Visits:
0

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.

Listing provided courtesy of KELLER WILLIAMS REALTY- MLS# 4032916MLS ProviderContact Information: 908-477-1010
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53 Summit Ave #53 Facts & Features

  • Type Commercial
  • Sq. ft. 4,200
  • Price/Sq.ft. $500
  • Lot 0.06 Acres

Details

General

Income/Expenses

  • Expenses Include: Electricity, Gas/Oil, Insurance, Taxes, Water/Sewer

Listing Information

  • For Sale Or Lease: For Sale

Building Information

  • Num Apts: 3
  • Year Built: 9999

Location/Region

  • County Or Parish: Union
  • Location: Business District, Corner, Freestanding

Tax Information

  • City Tax: *
  • County Tax: *
  • Tax Amount Tax: *
  • Tax Annual Amount: $19,783.00
  • Tax Assessed Value: *
  • Tax Rate Amount: 4.471
  • Tax Rate Year: 2025
  • Tax Year: 2025
  • Tax Year Tax: *

General Information

  • Inclusions: Building & Land
  • Property Sub Type: Mixed Use, Office/Retail, Store With Apartment
  • Property Type: Commercial
  • Zoning: CBD

Interior

Building Information

  • Available Sq Ft: 4200
  • Equipment Available: Restrooms - Private, Smoke Detector, Sprinkler System, Storage Area(s)
  • Max Ceiling Height: 0
  • Max Door Height: 0
  • Num 1 Bdrm Units: 1
  • Num 2 Bdrm Units: 0
  • Num 3 Bdrm Units: 0
  • Num 4 Bed Units: 0
  • Num Units w/Full Bath: 3
  • Num Units w/Half Bath: 0
  • Number of Doors: 0
  • Office Sq Ft: 2100

Beds/Baths

  • Bathrooms Total: 3

Building Interior

  • Building Area Total: 4200

General Information

  • Cooling: 1 Unit, Central Air, Wall A/C Unit(s)
  • Flooring: Carpeting, Concrete, Tile, Wood
  • Heating: 4+ Units, Baseboard - Hotwater
  • Stories: 2

Unit Information

  • Unit Number: 53

Exterior

Building Information

  • Number of Bays: 0
  • Number of Docks: 0

Parking Information

  • Parking Features: None

Lot Information

  • Approximate Lot Size: 41X64
  • Lot Features: Corner
  • Water Source: Public Water

Building Exterior/Construction

  • Construction Materials: Brick/Block
  • Exterior Description: Brick/Block
  • Roof: Asphalt Shingle

General Information

  • Number Of Units Total: 5
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural

53 Summit Ave #53 Neighborhood

Community

07901 (Summit City) Demographics

40
Median Age
3,688
Population Density (per sq. mile)
75%
College Educated
$142,909
Estimated Median Income
5,878
Estimated Total Home Owners
2,531
Estimated Total Renters
70% / 30%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

53 Summit Ave #53 Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

53 Summit Ave #53 Market Data

Based on the last 30 days in this zip code

$1,445,000
Average List Price
$1,489
Average Price per Square Foot
1
Properties Sold
127
Average Days on Market
2
Properties for Sale
Calculations provided by Reliance Network

53 Summit Ave #53 History

Date Event Value Agent
6/9/2026Source: Garden State MLS Status Change
Active
6/8/2026Source: Garden State MLS Added to Database
June 08, 2026