Turnkey Mixed-Use Gem on Springfield Avenue! Welcome to 492 Springfield Avenue in Newark, NJ an exceptional investment opportunity combining strong income potential with prime commercial exposure. This versatile property features two generously sized residential units, each offering 3 bedrooms and 1 full bath, thoughtfully designed with separate utilities to maximize… Read More convenience and efficiency. The street-level commercial space presents endless possibilities perfect for retail, office, or service use while benefiting from outstanding visibility along one of the West Side's most active corridors. High foot and vehicle traffic make this an ideal setting for attracting steady business. Ideally located near public transportation, schools, shopping, and neighborhood amenities, this property appeals to both quality tenants and thriving businesses alike. Positioned in a rapidly developing area, it offers incredible upside for investors, owner-occupants, or entrepreneurs seeking a dynamic live-work setup. A rare chance to secure a high-performing asset in one of Newark's growing districts don't let this opportunity pass you by! Read Less
Courtesy of KELLER WILLIAMS PARK VIEWS.
Listing Snapshot
Days Online
154
Last Updated
Property Type
Other
Square Ft.
1,850
Lot Size
0.04 Acres
MLS Number
4023832
30 Days Snapshot Of 07103
$365k
-5%
(avg) sold price
4
-42%
homes sold
195
+98%
(avg) days on market
Snapshot
Area Map
Additional Details
Sewer
Public Sewer
Basement
Unfinished, Yes
Building
Built in 9999
Cooling
Central Air
Exterior Features
Vinyl Siding
Floors
Wood
Water Features
Public Water
Heating
Gas-Natural, 3 Units
Lot
Approximate Lot Size: 25X75.6, 0.04 acres, Irregular Lot
Property
1,850 sqft building, 3 units
Roof
Flat, Rubberized
Taxes
Annual Tax Amount: $7,730, Tax Rate: 3.999
Utilities
Electric, Gas-Natural
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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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