367 Springfield AveSummit, NJ 07901

  • Other commercial real estate
  • 11,465 SF
For Lease

Property Details for 367 Springfield Ave

Year built
1929
Construction
BRICK
Lot size
0.13 AC
Property size (Sq ft)
11,465 SF
Zone code
CRBD
Property type
Other commercial real estate
APN
18 01908-0000-00001
APU
1801908000000001

Description

This exceptional retail property, located at 367 Springfield Avenue in Summit, New Jersey, offers 16,700 square feet of completely vacant space, ideal for multiple tenants. The building is comprised of four individual suites, with a minimum divisible space of 1,700 square feet and a maximum contiguous space of 6,500 square feet, providing flexibility for various business needs. Situated in Union County, this property boasts a highly visible location on Springfield Avenue, offering excellent exposure to significant foot and vehicle traffic. The address is 367 Springfield Avenue, Summit, NJ 07901. This presents a unique opportunity for businesses seeking a prominent location in a thriving community. The entire 16,700 square foot building is currently available for lease, allowing for a single large tenant or the possibility of multiple smaller businesses to occupy the individual suites. This versatile space is perfect for a variety of retail concepts, providing ample room for growth and expansion. The property's prime location and flexible space options make it an attractive investment opportunity. Contact us today to learn more about leasing this exceptional retail space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,169,626
    Hospitality
    $1,987,366
    Educational
    $1,653,465
    Medical
    $1,710,330
    Retail
    $2,572,057
367 Springfield Ave, Summit, New Jersey

Location Insight

City
Summit
County
Union
State
New Jersey
Latitude
40.7183
Longitude
-74.3577
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$53,121
$227,200
$961,200
$1,188,400
-
$227,200
$961,200
$1,188,400

FAQs

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