454 Springfield Ave | Newark City

$859,000 | 3 Baths (3 Half) | 2,980 Sq. Ft.

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 GSMLS 4035610

Directions to property: Intersection of S7th St and Springfield Avenue

MLS Listing ID: 
GSMLS 4035610
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
1940
Living Area: 
2,980
Basement: 
Bilco-Style Door
Construction
Construction Materials: 
See Remarks
Roof: 
See Remarks
Exterior: 
See Remarks
Energy Information: 
See Remarks
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
3
Total Half-Bathrooms: 
3
Utilities
Information about utilities available on the property.
Heating System: 
See Remarks
Heating System Fuel: 
See Remarks
Cooling System: 
See Remarks
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.07
Lot Size (Dimensions): 
44.9 X68.1
Waterfront: 
0
Lot Features
Driveway: 
Off-Street Parking
Parking Type: 
Off-Street Parking
Public Record
Parcel Number: 
1614-00301-0001-00055-0000-
Lot Number: 
55
Annual Tax: 
$13,584.00
Property Zoning: 
Commercial
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
6/19/2026
Contract Details
Details about the listing contract.
Inclusions: 
Building Only
Possession: 
At closing
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
EXODUS REAL ESTATE