Properties

Description

Fantastic opportunity to own a mixed-use building in Maplewood's highly sought-after commercial area is now available for purchase. Separately metered, this 6,000 sq ft, multi-tenant investment property comes 100% leased with 2 long-term storefront tenants with annual rental increases, 4 residential apartments and comes with 4 parking spots and finished basement. Located on a busy, high visibility street - first level includes a well-known restaurant and a nail salon. Second level has 3 two-bedroom apartments and 1 studio apartment (some units currently still leased below market value). Close in proximity to the Maplewood business district, charming Maplewood downtown, parks and Maplewood Country Club; just minutes of GSP and Rt 78, less than 10 miles away from Newark International Airport and within minutes from various public transportation options, this location is very commuter accessible as well as desirable. Additionally, this building comes with various upgrades and repairs completed within the last few years: new roof (2021), 3 newer hot water tanks (2021), updated bath and paint in Apt A (2021) new kitchen cabinets in Apt B (2022), entire building and basement repainted (2022), new security system/cameras (2022). Rare offerings like this don't come around too often in such prime locations, so take ownership on this one and reach out today!

Features

  • Heating System : 4+ Units, Forced Hot Air
  • Cooling System : Central Air, 4+ Units
  • Basement : Storage, Finished-partially, French Drain
  • Roof Deck : Flat, Rubberized
  • Tax Assessed Valuation: 1140000
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural

Additional Info

  • Office Name: SIGNATURE REALTY NJ
  • Office MLS ID: 4134
  • Agent ID: 392862
  • Tax: 42841
  • Tax Year: 2023
  • Application Fee: $0
  • Zoning: PRB

Commercial For Sale

For Sale
$1,600,000

1878 Springfield Ave, Maplewood Twp., *

  • SQFT 50 Acre
  • Built Year 1927

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5322479
  • Price: $1,600,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1927
  • Year Built Description: Renovated
  • Lot Area: 50 Acre
  • Status: Active
  • Days On Market: 1

Contact Agent

Map

Address Map

  • Country US
  • County Essex
  • City Maplewood Twp.
  • Zipcode *
  • Street: Springfield Ave
  • Street Number: 1878
  • Street Direction: NJ Turnpike N to exit 14-14A-14B-14C for I-78 W t
  • Floor Number: 0
  • Longitude: W75° 43' 48.3''
  • Latitude: N40° 43' 14.6''
  • Internet Display Address: Yes
Property