0
  • 2980
  • Area Size

454 Springfield Ave , Newark City, New Jersey 07103-2023

  • $859,000

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 $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

  • City: Newark City
  • State/county: Essex

Details

Updated on June 19, 2026 at 2:38 pm
  • Property ID HZ4035610
  • Price $859,000
  • Property Size 2980
  • Property Status Active

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Queens Realty New Jersey

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