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454 Springfield Ave Newark, NJ $ 859,000
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$ 859,000 Get more info
454 Springfield Ave
$ 859,000
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454 Springfield Ave

Newark, NJ, 07103
$ 859,000
Bedrooms-- Baths-- Sq 2,980

Monthly Estimate*

$ 5,289

454 Springfield Ave, Newark, NJ 07103 - Image 1
454 Springfield Ave, Newark, NJ 07103 - Image 2
454 Springfield Ave, Newark, NJ 07103 - Image 3
454 Springfield Ave, Newark, NJ 07103 - Image 4
454 Springfield Ave, Newark, NJ 07103 - Image 5
454 Springfield Ave, Newark, NJ 07103 - Image 6

Commercial Property for sale in Newark, NJ

for $859,000 with 3 half baths. This 2,980 square foot building was built in 1940 on a lot size of 0.07.

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

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Commercial Active

Price

$ 859,000

Half Bath

3

Property Type

Commercial

Taxes

$ 13,584

Style

OffcRetl

Lot Size

0.07

Year Built

1940

Town/City

Newark

County/Region

Essex

MLS | Web ID

4035610
Features
General
Sewer Public Sewer
Construction See Remarks
Heating See Remarks
Cooling See Remarks
Utilities See Remarks
Possession At closing
Roof See Remarks
Zoning Commercial
Year Built 1940
Township Newark City
Property Type Office/Retail OffcRetl
Tax Year 2025
Ownership Fee Simple
Location Corner
Gross Income 83434
County Essex
Net Operating Income 64891
Operating Expense 18543
Status Active
Directions Intersection of S7th St and Springfield Avenue
Number Of Units Total 3
Tax Annual Amount 13584
Drive Off-Street Parking
Leasable Area 999999
Standard Status Active
Tax Assessed Value 339700
Town # 1614
Tax Lot 55
Cap Rate 7.55
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Interior
Basement Bilco-Style Door
Fuel Type See Remarks
Total Stories 2
Half Baths 3
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Exterior
Water Source Public Water
Exterior Description See Remarks
Building Area Total 2980
Lot Dimensions 44.9 X68.1
Lot Size Acres 0.07
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* Excluded Features
List By
KEVIN JONES

Listing Agent

Exodus Real Estate

Broker

Affordability Calculator

$6,421
Per Month
82%
18%
0%
Monthly Principal & Interest
$5,289
Monthly Property Taxes
$1,132
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/19/2026$859,000 Listed Price

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454 Springfield Ave, Newark, NJ, 07103 is a Commercial Property for sale at $859,000 with 2,980 sqft and a lot size of 0.07. 454 Springfield Ave was built in 1940. The property's zip code is 07103 which is in Newark, NJ

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