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2-Two Story

721 Springfield Ave

Newark City, NJ 07103

MLS#: 4049071

$1,300,000

Status: Active
Listing number: 4049071
Listing provided by: REALTY 33, LLC
Listing agent phone: None
Last update: 9 days ago
On site: 9 days ago
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Property

Beds

5

Full Baths

2

1/2 Baths

2

Year Built

None

Sq.Footage

5,924

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!

Features & Amenities

Interior

  • Total Bedrooms

    5

  • Bathrooms

    2

  • 1/2 Bathrooms

    2

  • Basement YN

    YES

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    No

Area & Lot

  • Lot Features

    Corner Lot

  • Lot Size(acres)

    0.06

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

  • Architectural Style

    2-Two Story

Price

  • Sales Price

    $1,300,000

  • Tax Amount

    $7,998

  • Zoning

    Commercial re

  • Sq. Footage

    5,924

  • Price/SqFt

    $219

HOA

  • Association

    No

Property Resources

  • Horse Property

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Tax Lot

    *

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Location

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Essex

Elementary School

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Listing Courtesy of None, REALTY 33, LLC

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Patrick Bolger

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(973) 945-9979

patrickbolger@kw.com


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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!

721 Springfield Ave

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