721 Springfield Ave Newark, NJ ^$ 1,300,000

721 Springfield Ave

^$ 1,300,000

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Recently Listed

721 Springfield Ave

Newark, NJ, 07103

^$ 1,300,000

Bedrooms-- Baths-- Sq 2,570

Monthly Estimate*

^$ 8,208

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Commercial Property for sale in Newark, NJ

for $1,300,000 with 2 half baths. This 2,570 square foot building was built on a lot size of 0.06.

Rare and premier opportunity to own a prime piece of Newark real estate at 721 Springfield Ave, situated directly in a rapidly transforming municipal redevelopment zone. Offered at $1.3M, this property boasts an ultra-visible, high-traffic location with immense upside. Strategically positioned on a block where two surrounding plots of land are also located within the redevelopment footprint, this site offers savvy buyers a front-row seat to future area assemblage and massive neighborhood expansion. Capitalize on Newark's major revitalization momentum, favorable commercial/mixed-use zoning, and maximum brand exposure. Being sold strictly AS-IS. Buyer is responsible for all municipal certificates, variances, and due diligence. Secure this anchorlocation before the surrounding area fully booms!

Commercial Active

Price

^$ 1,300,000

Half Bath

Property Type

Commercial

Taxes

^$ 7,998

Style

Store With Apartment

Lot Size

0.06

Town/City

Newark

County/Region

Essex

MLS | Web ID

4047817

Features

General

Sewer See Remarks

Construction Brick/Block See Remarks

Heating See Remarks

Cooling See Remarks

Utilities All Underground

Possession Tbd

Roof See Remarks

Zoning Commercial

Year Built 0

Tenant Pays Electric Gas Heat

Township Newark City

Property Type Free Standing Office Mixed Use Store With Apartment Store With Apartment

Tax Year 2025

Ownership Fee Simple

Location Business District Corner See Remarks

County Essex

Subdivision Name Southward

Status Active

Directions Corner of s 20th n springfield

Number Of Units Total 4

Tax Annual Amount 7998

Drive On-Street Parking

Leasable Area 0

Standard Status Active

Tax Assessed Value 200000

Town # 1614

Tax Lot 38

Exterior

Water Source See Remarks

Exterior Description Brick/Block

Building Area Total 7777

Lot Dimensions 32.10X80

Lot Size Acres 0.06

Interior

Fuel Type See Remarks

Total Stories 2

Half Baths 2

* Excluded Features

List By

ONYEMAECHI OKAFOR

Listing Agent

Realty 33, Llc

Broker

Onyokafor33@gmail.com

Affordability Calculator

$8,875

Per Month

Monthly Principal & Interest: $8,208
Monthly Property Taxes: $667
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Commerical listings in Newark, NJ

Average List Price ^$1,105,105

Percent of Sale Price 15%

About Newark, NJ

283,201 Population

4% Since 2002

^$35,768 Median Income

34.98 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/19/2026	$1,300,000		Listed Price

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721 Springfield Ave, Newark, NJ, 07103 is a Commercial Property for sale at $1,300,000 with 2,570 sqft and a lot size of 0.06. The property's zip code is 07103 which is in Newark, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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721 Springfield Ave

Commercial Property for sale in Newark, NJ

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