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721 Springfield Ave 2,592 SF Retail Building Newark, NJ 07103 $1,800,669 CAD ($694.70 CAD/SF)



Investment Highlights
- Located along a well-traveled commercial corridor in Newark's West Ward.
- Benefits from steady local activity and convenient access to daily amenities.
- Route 25 and more
- Surrounded by a mix of neighborhood retail businesses and residential communities.
- Offers connectivity to major transportation routes and the broader Essex County market.
Executive Summary
Situated along a prominent commercial corridor in Newark's West Ward, this mixed-use retail and residential property benefits from strong neighborhood visibility and a diverse surrounding community. The area is characterized by a blend of local businesses, residential housing, and everyday conveniences, creating consistent activity throughout the day. Its location offers convenient access to nearby transportation routes, community services, and employment centers throughout Newark and the greater Essex County region.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,592 SF
Building Class
C
Year Built
1920
Price
$1,800,669 CAD
Price Per SF
$694.70 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.99
Lot Size
0.06 AC
Zoning
Commercial - Commercial, redevelopment main avenue
Frontage
Amenities
- Corner Lot
- Restaurant
- Security System
- Signage
- Signalized Intersection
Exceptionally walkable
90/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-02640-0000-00038 | Improvements Assessment | $184,821 CAD |
| Land Assessment | $91,031 CAD | Total Assessment | $275,852 CAD |
Property Taxes
Parcel Number
14-02640-0000-00038
Land Assessment
$91,031 CAD
Improvements Assessment
$184,821 CAD
Total Assessment
$275,852 CAD
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721 Springfield Ave
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