21
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$749,000
Est. payment /mo
1,850 SqFt
Active
492 Springfield Ave Newark City, NJ 07103
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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 $404
MLS Listing ID 4023832
Annual Tax Amount $7,730
Tax Year 2025
Lot Size 1,742 Sqft
Property Sub-Type Mixed Use
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
Zoning Commercial
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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