Listing Details

492 Springfield Ave,Newark City, NJ 07103-2084

  • April 28, 2026

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!

Details

Last Updated On: April 28th, 2026 at 8:46 pm
Property ID:PT-39052298-AXZR
Offer Type:For Sale
Property Type:Mixed Use
Price: 749,000 $
Year Built:9999

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 25X75.6
Lot Description: Irregular Lot
Property Type: Mixed Use
Lot Identifier: 18

Home Details

Location: Business District
Acreage: 0.04
Sale Includes: Building & Land
Construction: Wood
Exterior Description: Vinyl Siding
Roof Description: Flat, Rubberized
Number of Stories: 3
Number of Units: 3
Number of Lavatories: 3
Floors: Wood
Available SqFt: 1850
Building SqFt: 1850
Parking Desc: On-Street Parking
Easement/Desc: Unknown
Basmnt/Desc: Yes - Unfinished
YB/Desc: 9999 - Unknown
Block Identifier: 307
County Number: 16
Town Number: 1614
Possession: At Closing

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Documents Available: No Documents Available
Ownership: Fee Simple
Tax ID For Property: 1614-00307-0000-00018-0000-
Tax Amount: $7,730.00
Tax Year: 2025
Tax Rate: 3.999%
Tax Rate Year: 2025
Land Assessment: $50,600.00
Building Assessment: $142,700.00
Total Assessment: $193,300.00

Utilities

Equipment Available: Smoke Detector
Heat Source: Gas-Natural
Heat System: 3 Units
Cool System: Central Air
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural

Other

Zoning: Commercial

Statistics

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