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OffcRetl For Sale

454 Springfield Ave, Newark City, Essex 07103-2023

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Property Description

Take advantage of an opportunity to diversity your portfolio owning an income producing commercial property in a highly visible location, prime redevelopment section of Newark, diagonally across from Home Depot.Includes Two storefronts (specifically a renovated barbershop paying $2,321.72 per month (annual 5% rate increase); a convenient store paying $2,600 per month)(annual increase of $1200); one upstairs office space (paying $1,906.17 per month)(annual 3% increase); and a maintenance free billboard ($1500 per month) (assumes responsibility for roof repairs). Cap rate will continually increase each year. *Sold As Is. City and State documents/ inspections are buyer’s responsibility

Basic Details
Property Type:
OffcRetl
Listing Type:
For Sale
Listing ID:
4035610
Price:
$859,000
Year Built:
1940
Lot Area:
0.07 Acre
Status:
Active
Office Name:
EXODUS REAL ESTATE
Roof:
See Remarks
Features
Heating System:
See Remarks
Cooling System:
See Remarks
Basement:
Bilco-Style Door
Sewer:
Public Sewer
Utilities:
See Remarks
Address Map
Country:
US
State:
Essex
County:
Essex
City:
Newark City
Zipcode:
07103-2023
Street:
Springfield Ave
Street Number:
454
Longitude:
W75° 47' 58.2''
Latitude:
N40° 43' 56.1''
Directions:
Intersection of S7th St and Springfield Avenue
Zoning:
Commercial
Additional Information
Lot Size Dimensions:
44.9 X68.1
Water Source:
Public Water
Stories Total:
2
Number Of Units Total:
3
Building Size:
2980
Financial
Tax Annual Amount:
13584
Listing Information
List Agent Mls Id:
393596
List Office Mls Id:
4965
Mls Status:
Active
Modification Timestamp:
2026-06-23T23:29:00Z
Originating System Name:
gsmls
OffcRetl For Sale
Listing ID:
4035610
Lot Area:
0.07 Acre
$859,000
Agent info
Contact Agent

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Address: 637 Wyckoff Ave, 2nd Floor, Office 1
Wyckoff, NJ 07481
Phone: 201-891-8200
Email: info@myrealestatemission.com