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NGC 7020 has a large outer ring surrounding a bright inner hexagonal zone containing an inner ring and possibly a bar. The large outer ring is completely detached from the inner hexagonal zone of the galaxy and is dominated by numerous flocculent spiral features. The outer ring has an estimated diameter of 110,000 ly (33.6 kpc). The ring is knotty and bluer than the rest of the galaxy and shows where recent star formation is occurring in NGC 7020. The possible inner ring shows protruding features at the ends of its major axis therefore classifying it as a bar. The galaxy appears to be fairly free of ionized gas, which is not surprising for an early-type galaxy.