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$ 950,000
Est. payment /mo
Active
492 Springfield Ave Newark City, NJ 07103
1,850 SqFt
UPDATED:
12/07/2024 12:11 AM
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,850 sqft
Price per Sqft $513
MLS Listing ID 3937290
Annual Tax Amount $12,000
Tax Year 2023
Lot Size 1,742 Sqft
Property Description
Prime Mixed-Use Opportunity on Springfield Avenue. Welcome 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 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!
Location
State NJ
County Essex
Zoning COM
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling Central Air
Flooring Wood
Equipment See Remarks, Smoke Detector
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available Electric, Gas-Natural
Roof Type Flat, Rubberized
Building
Lot Description Irregular Lot
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by SIGNATURE REALTY NJ