454 Springfield Ave, Newark City, NJ 07103
454 Springfield Ave, Newark City, NJ 07103
454 Springfield Ave, Newark City, NJ 07103
454 Springfield Ave, Newark City, NJ 07103
454 Springfield Ave, Newark City, NJ 07103
454 Springfield Ave, Newark City, NJ 07103
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

+1(201) 240-5200
$ 859,000
Est. payment | /mo

2,980 SqFt

Save
$ 859,000
Est. payment | /mo
Save

2,980 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,980 sqft

Price per Sqft $288

MLS Listing ID 4035610

Year Built 1940

Annual Tax Amount $13,584

Tax Year 2025

Lot Size 3,049 Sqft

Property 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

Location

State NJ

County Essex

Zoning Commercial

Rooms

Basement Bilco-Style Door

Interior

Heating See Remarks

Cooling See Remarks

Equipment Restrooms - Private, Sign - Freestanding

Heat Source See Remarks

Exterior

Exterior Feature See Remarks

Utilities Available See Remarks

Roof Type See Remarks

Building

Story 2

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by EXODUS REAL ESTATE
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

Broker Associate

+1(201) 240-5200

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454 Springfield Ave

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