Properties

Description

Turnkey Mixed-Use Gem on Springfield Avenue! Welcome to 492 Springfield Avenue in Newark, NJ an exceptional investment opportunity combining strong income potential with prime commercial exposure. This versatile property features two generously sized residential units, each offering 3 bedrooms and 1 full bath, thoughtfully designed with separate utilities to maximize convenience and efficiency. The street-level commercial space presents endless possibilities perfect for retail, office, or service use while benefiting from outstanding visibility along one of the West Side's most active corridors. High foot and vehicle traffic make this an ideal setting for attracting steady business. Ideally located near public transportation, schools, shopping, and neighborhood amenities, this property appeals to both quality tenants and thriving businesses alike. Positioned in a rapidly developing area, it offers incredible upside for investors, owner-occupants, or entrepreneurs seeking a dynamic live-work setup. A rare chance to secure a high-performing asset in one of Newark's growing districts don't let this opportunity pass you by!

Features

  • Heating System : 3 Units
  • Cooling System : Central Air
  • Basement : Unfinished
  • Roof Deck : Flat, Rubberized
  • Furnished : Wood
  • Lot Description: Irregular Lot
  • Tax Assessed Valuation: 193300
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural

Additional Info

  • Office Name: KELLER WILLIAMS PARK VIEWS
  • Office MLS ID: 5243
  • Agent ID: 302024
  • Tax: 7730
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: Commercial

Commercial For Sale

For Sale
$749,000

492 Springfield Ave, Newark City, *

  • SQFT 25 Acre
  • Built Year 9999

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5427523
  • Price: $749,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 9999
  • Year Built Description: Unknown
  • Lot Area: 25 Acre
  • Status: Active
  • Days On Market: 0

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Springfield Ave
  • Street Number: 492
  • Street Direction: 18th Ave to S 12th St then Springfield Ave
  • Floor Number: 0
  • Longitude: W75° 47' 52.1''
  • Latitude: N40° 43' 54.9''
  • Internet Display Address: No
Property