Active
1878 Springfield Ave
Maplewood Twp NJ, 07040
$1,600,000
$266.67 per sqft
Active
6,000 sqft
Commercial
Built in 1927
Fantastic opportunity to own a mixed-use building in Maplewood's highly sought-after commercial area is now available for purchase. Separately metered, this 6,000 sq ft, multi-tenant investment property comes 100% leased with 2 long-term storefront tenants with annual rental increases, 4 residential apartments and comes with 4 parking spots and finished basement. Located on a busy, high visibility street - first level includes a well-known restaurant and a nail salon. Second level has 3 two-bedroom apartments and 1 studio apartment (some units currently still leased below market value). Close in proximity to the Maplewood business district, charming Maplewood downtown, parks and Maplewood Country Club; just minutes of GSP and Rt 78, less than 10 miles away from Newark International Airport and within minutes from various public transportation options, this location is very commuter accessible as well as desirable. Additionally, this building comes with various upgrades and repairs completed within the last few years: new roof (2021), 3 newer hot water tanks (2021), updated bath and paint in Apt A (2021) new kitchen cabinets in Apt B (2022), entire building and basement repainted (2022), new security system/cameras (2022). Rare offerings like this don't come around too often in such prime locations, so take ownership on this one and reach out today!
3932584
MLSⓇ ID
November 2, 2024
Listed
November 22, 2024
Updated
Map
1878 Springfield Ave
Maplewood Twp NJ, 07040
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Electric, Forced Air, Natural Gas
Exterior/Building Features
Lot Size
0.11 Acres
Roof
Rubber
Sewer
Public Sewer
Other Property Details
Taxes
$42,841
Tax Frequency
Annually
Days on Market
1
Garage
Yes
Garage Spaces
4
Parking
Off Street
Parking Total
4
View
No
County
Essex
Water Source
Public
Pool
No
Zoning
PRB
Courtesy of SIGNATURE REALTY NJ with YULIYA DESIMONE,
Listing Contact: 9739211111
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