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Description

Prime Mixed-Use Opportunity on Springfield AvenueWelcome to 492 Springfield Avenue, Newark, NJ a versatile mixed-use property offering a perfect blend of commercial potential and residential income. This well-positioned building features two spacious apartments, each boasting 3 bedrooms and 1 bath, with separate utilities for convenience and flexibility. The ground-level commercial space is ideal for retail, office, or service businesses, benefiting from high visibility on a bustling thoroughfare in the vibrant West Side neighborhood. With its proximity to public transportation, schools, shops, and other amenities, this property is a magnet for both tenants and customers. Situated in an area of growth and development, it presents a unique opportunity for investors, business owners, or those seeking a live-work space. Don't miss your chance to own a high-potential property in the heart of Newark!

Features

Heating System : 3 Units
Cooling System : Central Air
Basement : Unfinished
Roof Deck : Flat, Rubberized
Parking Description: On-Street Parking
Interior Features: Carbon Monoxide Detector, Fire Extinguisher, Smoke
Lot Description: Irregular Lot
Tax Assessed Valuation: 193300
Sewer: Public Sewer
Water: Public Water

Appliances

Utilities: All Underground, Electric, Gas-Natural

Additional Info

Office Name: SIGNATURE REALTY NJ
Office MLS ID: 4134
Agent ID: 395899
Tax: 12000
Tax Year: 2023
Application Fee: $0

Multi-Family For Sale

For Sale

$950,000

492 Springfield Ave, Newark City, *

25 Acre
4
Built Year 9999

Details

Property Type: Multi-Family
Listing Type: For Sale
Listing ID: 5325607
Price: $950,000
Bedrooms: 4
Bathrooms: 0
Half Bathrooms: 0
Square Footage: 0 Sqft
Year Built: 9999
Lot Area: 25 Acre
Status: Active
Days On Market: 0

Contact Agent

Email:

wp@applicationx.net

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Map

Address Map

Country US
County Essex
City Newark City
Zipcode *
Street: Springfield Ave
Street Number: 492
Street Direction: Springfield ave Corner of Blum
Building Name: 492
Floor Number: 0
Longitude: W75° 47' 52.1''
Latitude: N40° 43' 54.9''
Internet Display Address: Yes