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See Remarks For Sale

625 Springfield Ave, Newark City, Essex 07103-1425

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Property Description

Exceptional opportunity to acquire both the real estate and a well-established, family-owned laundromat business. Sold together, this turnkey operation offers stable income with future growth potential.The well-maintained laundromat features 23 washers, including several high-capacity machines accommodating up to 60 pounds, and 20 dryers. In addition to self-service laundry, the business offers wash-and-fold service by the pound. Previous pickup and delivery services have been discontinued, presenting an opportunity for a new owner to reintroduce the service and increase revenue.Recent improvements include newer heating and air conditioning systems (2025), a new coin change machine, newer basement hot water heater, and newer basement access door. Additional income sources include an ATM, snack vending machine, and beverage vending machine.Ideally located in a densely populated residential neighborhood surrounded by homes, apartments, restaurants, and local businesses. A bus stop for Routes 25 and 375 is located directly in front of the property, helping drive consistent customer traffic. Ample street parking adds further convenience.Current business hours are Monday-Friday 8:00 AM-8:00 PM and Saturday-Sunday 7:00 AM-8:00 PM. Financials available upon request.A rare opportunity to own a profitable, necessity-based business and the underlying real estate with established operations, recent upgrades, and upside potential.

Basic Details
Property Type:
See Remarks
Listing Type:
For Sale
Listing ID:
4033574
Price:
$460,000
Year Built:
9999
Lot Area:
0.12 Acre
Status:
Active
Office Name:
C-21 CEDARCREST REALTY
Roof:
Flat
Features
Heating System:
1 Unit, Baseboard - Hotwater
Cooling System:
Central Air, 1 Unit
Basement:
Unfinished, Walkout, Bilco-Style Door
Flooring:
Laminate
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Address Map
Country:
US
State:
Essex
County:
Essex
City:
Newark City
Zipcode:
07103-1425
Street:
Springfield Ave
Street Number:
625
Longitude:
W75° 47' 25.5''
Latitude:
N40° 43' 49.9''
Directions:
On Springfield Ave, off of S 15th St
Zoning:
Commercial
Additional Information
Lot Size Dimensions:
54.6X96.10
Water Source:
Public Water
Stories Total:
1
Number Of Units Total:
1
Lot Features:
Level Lot, Corner
Building Size:
2712
Financial
Tax Annual Amount:
9301
Listing Information
Co List Agent Mls Id:
252138
List Agent Mls Id:
409717
List Office Mls Id:
0343
Mls Status:
Active
Modification Timestamp:
2026-06-21T14:47:18Z
Originating System Name:
gsmls
See Remarks For Sale
Listing ID:
4033574
Lot Area:
0.12 Acre
$460,000
Agent info
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Phone: 201-891-8200
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