625 Springfield Ave Newark, NJ $ 450,000
625 Springfield Ave
$ 450,000
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625 Springfield Ave

Newark, NJ, 07103
$ 450,000
Bedrooms-- Baths-- Sq 2,712

Monthly Estimate*

$ 2,771

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Commercial Property for sale in Newark, NJ

for $450,000 with 2 half baths. This 2,712 square foot building was built on a lot size of 0.12.

Exceptional opportunity to acquire both the real estate and a well-established, family-owned laundromat business. Sold together, this turnkey operation offers stable income with future growth potential.The well-maintained laundromat features 23 washers, including several high-capacity machines accommodating up to 60 pounds, and 20 dryers. In addition to self-service laundry, the business offers wash-and-fold service by the pound. Previous pickup and delivery services have been discontinued, presenting an opportunity for a new owner to reintroduce the service and increase revenue.Recent improvements include newer heating and air conditioning systems (2025), a new coin change machine, newer basement hot water heater, and newer basement access door. Additional income sources include an ATM, snack vending machine, and beverage vending machine.Ideally located in a densely populated residential neighborhood surrounded by homes, apartments, restaurants, and local businesses. A bus stop for Routes 25 and 375 is located directly in front of the property, helping drive consistent customer traffic. Ample street parking adds further convenience.Current business hours are Monday-Friday 8:00 AM-8:00 PM and Saturday-Sunday 7:00 AM-8:00 PM. Financials available upon request.A rare opportunity to own a profitable, necessity-based business and the underlying real estate with established operations, recent upgrades, and upside potential.

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Commercial Active

Price

$ 450,000

Half Bath

2

Property Type

Commercial

Taxes

$ 9,301

Style

Lot Size

0.12

Town/City

Newark

County/Region

Essex

MLS | Web ID

4033574

Features
General
Sewer Public Sewer
Construction Brick/Block
Heating 1 Unit Baseboard - Hotwater
Cooling 1 Unit Central Air
Utilities Electric Gas-Natural
Possession Immediately
Roof Flat
Zoning Commercial
Garage Spaces 0
Year Built 9999
Township Newark City
Property Type See Remarks See Remarks
Tax Year 2025
Ownership Fee Simple
Location Business District Residential Area
Gross Income 160000
County Essex
Net Operating Income 80000
Operating Expense 80000
Subdivision Name West Side
Status Active
Directions On Springfield Ave off of S 15th St
Number Of Units Total 1
Tax Annual Amount 9301
Drive None On-Street Parking
Leasable Area 144
Standard Status Active
Tax Assessed Value 232600
Town # 1614
Tax Lot 8
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Interior
Basement Bilco-Style Door Unfinished Walkout
Flooring Laminate
Fuel Type Electric Gas-Natural
Total Stories 1
Half Baths 2
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Exterior
Lot Features Corner Level Lot
Water Source Public Water
Total Parking 0
Exterior Description Concrete
Building Area Total 2712
Lot Dimensions 54.6X96.10
Lot Size Acres 0.12
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* Excluded Features
List By
HANNAH NG

Listing Agent

C-21 Cedarcrest Realty

Broker

realtorhannahng@gmail.com

Email

Affordability Calculator

$3,546
Per Month
78%
22%
0%
Monthly Principal & Interest
$2,771
Monthly Property Taxes
$775
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/10/2026$450,000 Listed Price

Map


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625 Springfield Ave, Newark, NJ, 07103 is a Commercial Property for sale at $450,000 with 2,712 sqft and a lot size of 0.12. The property's zip code is 07103 which is in Newark, NJ