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454 Springfield Ave

Newark City, NJ 07103
  • $895,000
  • STATUS: Active
  • ON SITE: 73 Days
  • MLS #: 3786209
UPDATED: 3 min ago
$895,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,980
    SQFT
  • $300
    $/SQFT
Type:
Commercial
Built:
1940
County:
Area:

School Ratings & Info

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 $1,910.08 per month; a convenient store paying $2,200 per month), along with one office space (paying $1,778.96 per month). All rents are scheduled to be increased the beginning of each calendar year! Lastly, one unique additional source of income includes one maintenance free billboard ($1300 per month). Cap rate will continually increase each year; this opportunity will not last much longer! *Sold As Is. City and State documents/ inspections are buyer's responsibility

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Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Braconi | Christie's International Real Estate | Northern New Jersey. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Braconi | Christie's International Real Estate | Northern New Jersey are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-08-15T17:47:25.137.
www.teambraconihomesales.com/homes/129398592
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454 Springfield Ave Newark City, NJ 07103

  • Price: $895,000
  • Status: Active
  • On Site: 73 Days
  • Updated: 3 min ago
  • MLS #: 3786209
0
Beds
0
Baths
0
½ Baths
0.07
Acres
2,980
SQFT
$300
$/SQFT
1940
Built
County:
Essex
Area:
Newark City
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 $1,910.08 per month; a convenient store paying $2,200 per month), along with one office space (paying $1,778.96 per month). All rents are scheduled to be increased the beginning of each calendar year! Lastly, one unique additional source of income includes one maintenance free billboard ($1300 per month). Cap rate will continually increase each year; this opportunity will not last much longer! *Sold As Is. City and State documents/ inspections are buyer's responsibility
Exterior Features

Approximate Lot Size 44.9 X68.1 Construction See Remarks Exterior Description See Remarks Location See Remarks Number Of Bays 9999 Number Of Docks 99999 Parking Driveway Description See Remarks Roof Description See Remarks

Interior Features

Basement Yes Basement Description Bilco-Style Door Cooling See Remarks Equipment Available See Remarks Heating See Remarks Max Ceiling Height 999999 Max Door Height 99999 Number Of Lavatories 9999 Office Sq Ft 999999

Property Features

For Sale Or Lease For Sale Fuel Type See Remarks Primary Property Type See Remarks Property Type Office/RetailSee Remarks Sale Includes Building & Land Sewer See Remarks Suite Number 0 Tax Amount 11077 Tax Rate Amount 3.734 Tax Rate Year 2021 Tax Year 2021 Utilities See Remarks Water See Remarks Year Built Description Unknown Zoning Commercial

Listing information © 2022 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of .


Garden State MLS logo © 2022 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Braconi | Christie's International Real Estate | Northern New Jersey. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Braconi | Christie's International Real Estate | Northern New Jersey are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2022-08-15T17:47:25.137.
 
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