Date
Details
Price
Change
Source
6/19/2026
Listed
$859,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$859,000
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Property Description
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
Full Property Details
Full Property Details for 454 Springfield Ave
General
- Price: $859,000
- Taxes: $13,584 (2025)
- Status: Active
- Type: Retail
- Source: Garden_State
- MLS ID: 4035610
- Updated: 6/19/2026
- Added to Site: 18 day(s) ago
Business
- Includes: Building Only
Rooms
Bathrooms
- Total Bathrooms: 3
- Restrooms: 3
Additional Information
- Equipment: Restrooms - Private, Sign - Freestanding
Parking
- Parking: Off-Street Parking
Location
- County: Essex
- Driving Directions: Intersection of S7th St and Springfield Avenue
- Location Details: Corner
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: See Remarks
- Heating Fuel: See Remarks
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: See Remarks
Structural Information
- Construction: See Remarks
- Exterior Const.: See Remarks
- Basement: Yes
- Basement Desc.: Bilco-Style Door
- Roof: See Remarks
- Ceiling Height: 999999
- Door Dimensions: 99999
- Stories in Building: 2
- Square Feet: 2,980
- Aprox. Leasable: 2,980 Sq. Ft.
- Office: 999,999 Sq. Ft.
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.07
- Lot Size: 44.9 X68.1
- Zoning: Commercial
Financial Considerations
- Price Per Sq. Ft.: $288
- Operating Expenses: $18,543
- Assessment Amount: $339,700
- Land Assmt: $85,800
- Tax Amount: $13,584
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Financial Statement, Income & Expenses, Leases
- APN: 1614-00301-0001-00055-0000-
- Block: 301.01
- Lot Number: 55
Listed by Exodus Real Estate
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Listing agent
— 454 Springfield Ave —
Exodus Real Estate
732-737-9013
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 454 Springfield Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Harriet Tubman Elementary School 504 South 10th Street, Newark, NJ 07103 | PK-4 | 0.2 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 0.3 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 0.3 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 0.4 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 0.7 mi |
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108 | 9-12 | 1 mi |
Avon Avenue School 219 Avon Avenue, Newark, NJ 07108 | 7-8 | 0.4 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 0.7 mi |
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108 | K-8 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 454 Springfield Ave
Tax History
Tax History for 454 Springfield Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,585
7%
$339,700
—
2022
$12,691
39%
$339,700
—
2021
$9,118
—
$339,700
17%
2021
$9,105
—
$291,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 454 Springfield Ave
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- Multi-Family
- Closed
- Updated 13 days ago
Listed by Coldwell Banker Realty
454 Springfield Ave, Newark, NJ 07103 (MLS# 4035610) is a Retail property. 454 Springfield Ave is currently listed for $859,000 and was received on June 19, 2026. Want to learn more about 454 Springfield Ave? Do you have questions about finding other Retail real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.