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… Read More 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! Read Less
Courtesy of SIGNATURE REALTY NJ.
Listing Snapshot
Days Online
21
Last Updated
Property Type
Other
Beds
4
Square Ft.
1,890
Lot Size
0.04 Acres
MLS Number
3937288
30 Days Snapshot Of 07103
$351k
+3%
(avg) sold price
7
+40%
homes sold
85
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Unfinished, Yes
Building
Built in 9999
Cooling
Central Air
Expenses
Expenses: See Remarks, Taxes
Exterior Features
Vinyl Siding
Water Features
Public Water
Heating
Gas-Natural, 3 Units
Interior Features
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Lot
Approximate Lot Size: 25X75.6, 0.04 acres, Irregular Lot
Parking
On-Street Parking
Property
1,890 sqft building, 3 units, FHA Age Restricted: No
Roof
Flat, Rubberized
Sewer
Public Sewer
Taxes
Annual Tax Amount: $12,000, Tax Rate: 3.728
Unit One
1 bathroom, Handicap Accessibility: No, Carbon Monoxide Detector, See Remarks, Smoke Detector
All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.
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