Images
Request Info$859,000
Active
454 Springfield Ave #0 Overview
- Time on Site:
- 10 days
- Visits:
- 0
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
Listing provided courtesy of EXODUS REAL ESTATE- MLS# 4035610
Contact Information: 732-737-9013
Contact Information: 732-737-9013Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map
454 Springfield Ave #0 Facts & Features
- Type Commercial
- Sq. ft. 2,980
- Price/Sq.ft. $288
- Lot 0.07 Acres
Details
General
Income/Expenses
- Gross Income: 83434
- Net Operating Income: 64891
- Operating Expense: 18543
Listing Information
- For Sale Or Lease: For Sale
Building Information
- Year Built: 1940
Location/Region
- County Or Parish: Essex
- Location: Corner
Building Exterior/Construction
- Construction Date/Year Built Des: Unknown
Tax Information
- City Tax: *
- County Tax: *
- Tax Amount Tax: *
- Tax Annual Amount: $13,584.00
- Tax Assessed Value: *
- Tax Rate Amount: 3.999
- Tax Rate Year: 2025
- Tax Year: 2025
- Tax Year Tax: *
General Information
- Inclusions: Building Only
- Property Sub Type: Office/Retail
- Property Type: Commercial
- Zoning: Commercial
Interior
Building Information
- Available Sq Ft: 2980
- Equipment Available: Restrooms - Private, Sign - Freestanding
- Max Ceiling Height: 999999
- Max Door Height: 99999
- Office Sq Ft: 999999
Beds/Baths
- Bathrooms Total: 3
Building Interior
- Building Area Total: 2980
General Information
- Cooling: See Remarks
- Heating: See Remarks
- Stories: 2
Unit Information
- Unit Number: 0
Exterior
Building Information
- Number of Bays: 0
- Number of Docks: 0
Parking Information
- Parking Features: Off-Street Parking
Lot Information
- Approximate Lot Size: 44.9 X68.1
- Water Source: Public Water
Building Exterior/Construction
- Construction Materials: See Remarks
- Exterior Description: See Remarks
- Roof: See Remarks
General Information
- Number Of Units Total: 3
- Sewer: Public Sewer
- Utilities: See Remarks
454 Springfield Ave #0 Neighborhood
Community
07103 (Newark City) Demographics
32
Median Age
15,769
Population Density (per sq. mile)
25%
College Educated
$34,117
Estimated Median Income
2,894
Estimated Total Home Owners
9,298
Estimated Total Renters
24% / 76%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
454 Springfield Ave #0 Monthly Cost
454 Springfield Ave #0 Market Data
Based on the last 30 days in this zip code
$359,958
Average List Price
$754
Average Price per Square Foot
1
Properties Sold
91
Average Days on Market
29
Properties for Sale
454 Springfield Ave #0 History
| Date | Value | Agent |
|---|---|---|
| 6/19/2026Source: Garden State MLS | June 19, 2026 |