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 3, 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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