492 Springfield Ave , Newark City, Essex 07103-2084
  • $749,000

Overview

Property ID: HZ4023832
  • 1850 Sqft
  • Area Size

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!

  • Address: 492 Springfield Ave
  • City: Newark City
  • State/county: Essex
  • Zip/Postal Code: 07103-2084

Details

Updated on April 28, 2026 at 6:12 pm
  • Property ID HZ4023832
  • Price $749,000
  • Property Size 1850 Sqft
  • Land Area 0.04 Acres
  • Garage Size x x
  • Year Built 9999
  • Property Status Active

Additional details

  • Roof Flat, Rubberized
  • Utilities Electric, Gas-Natural
  • Sewer Public Sewer
  • Cooling Central Air
  • Heating 3 Units
  • Flooring Wood
  • County Essex
  • Property Type MixedUse

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