Summit, AZ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Summit, Arizona Market population: 22K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Summit NJ Properties: 1.8900%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Summit NJ
Common questions from investors exploring commercial real estate in Summit NJ.
What makes Summit, NJ an attractive market for real estate investment?
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The combination of a high median household income of $122,222, a relatively low poverty rate of 5.2%, and a strong health insurance coverage rate of 93.5% suggests a stable and secure market for investors, with a diverse population including White, White Non-Hispanic, and Hispanic communities.
How does the commute time and transportation infrastructure impact the quality of life for renters in Summit, NJ?
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The average commute time of 34.3 minutes, with top commute methods including driving alone, working from home, and using public transit, indicates a well-connected city with a good balance of work and personal life, which is further supported by the high health insurance coverage rate and low poverty rate.
What are the key industries driving the economy in Summit, NJ, and how do they impact real estate demand?
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The top industries in Summit, including Wholesale Trade, Finance & Insurance, and Information, contribute to a strong and diverse economy, which, combined with the city's ethnic diversity and high median household income, drives demand for housing and supports a median property value of $792,100.
How does the income inequality and poverty rate in Summit, NJ affect the rental market and tenant quality?
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The GINI coefficient of 0.565, indicating a moderate level of income inequality, combined with a relatively low poverty rate of 5.2% and high health insurance coverage rate of 93.5%, suggests a rental market with a mix of tenant profiles, from working-class to more affluent households, with a relatively stable employment situation.
What are the implications of the high homeownership rate and median property taxes for real estate investors in Summit, NJ?
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The high homeownership rate of 70.6% and median property taxes of $5,335, in the context of a strong economy and high median household income, indicate a stable and secure market for investors, with potential for long-term appreciation in property value, and a relatively low risk of tenant turnover due to the city's desirable quality of life and commute infrastructure.
Summit NJ Real Estate & City Facts
Key facts and real estate information about Summit NJ.
What are some of the best neighborhoods to live in Summit?
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Some of the best neighborhoods to live in Summit include Memorial Field, Woodland Park, and Downtown Summit. These neighborhoods offer a range of housing options, from single-family homes to apartments, and are known for their walkability, good schools, and community amenities. For example, Memorial Field is a family-friendly neighborhood with beautiful parks and top-notch schools, while Downtown Summit is a vibrant area with a mix of shops, restaurants, and entertainment options.
What are some fun things to do in Summit?
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There are plenty of fun things to do in Summit, including visiting the Reeves-Reed Arboretum, exploring the Summit Antiques Center, and catching a show at the Dreamcatcher Rep Theatre. You can also stroll through the beautiful downtown area, visit the Summit Farmers Market, or take a hike at the Watchung Preserve. Additionally, the city hosts various events and festivals throughout the year, such as the Summit Summer Concert Series and the Summit Holiday Market.
What is the food scene like in Summit?
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The food scene in Summit is diverse and vibrant, with a range of restaurants serving everything from Italian cuisine at Fiorino Ristorante & Bar to American comfort food at the Summit Diner. You can also find great ramen at Ani Ramen, or try some of the city's best burgers at Echo Tap & Grille. There are also plenty of great food trucks and cafes, such as Ahrre's Coffee Roastery and Anita's Baked Wonders, that offer a quick and delicious bite.
What are the pros and cons of living in Summit?
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The pros of living in Summit include its excellent schools, safe and welcoming community, and convenient location with easy access to New York City. However, some of the cons include the high cost of living, including expensive housing and property taxes, as well as traffic and parking challenges in the downtown area. Additionally, some residents may find the city's strict zoning laws and historic preservation efforts to be limiting. Overall, though, Summit is a great place to live for those who value a strong sense of community and a high quality of life.
Is Summit a good place to live?
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Yes, Summit is a good place to live, offering a unique blend of small-town charm and big-city amenities. With its excellent schools, vibrant downtown area, and convenient location, Summit is an attractive option for families, young professionals, and retirees alike. While it may have some drawbacks, such as a high cost of living and traffic challenges, the city's many advantages make it a great choice for those who value a high quality of life and a strong sense of community. As one resident noted, 'Summit is a wonderful place to call home, with its beautiful parks, friendly neighbors, and endless things to do and see.'
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Summit NJ Commercial Property: $122,222
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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