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Listed by Eyal Levy Keller Williams Park Views
$ 749,000
Est. payment /mo
Active
492 Springfield AVE Newark, NJ 07103
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26014878
Style Retail
Property Sub-Type Retail
Property Description
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 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!
Location
State NJ
County Essex
Interior
Heating Central Air, Gas, Multi-Zone
Others
Virtual Tour https://www.zillow.com/view-imx/22bae798-a4d0-4938-8b92-62965a146f38?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
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Your debt-to-income ratio is 36%
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