625 Springfield Ave, Newark, NJ 07103

  • Under Contract

 $600,000

  • 0 BedroomBedrooms
  • 0 BathroomBathrooms
  • 4,284 Sq.Ft.
  • Commercial
  • Under Contract
  • MLS# 4033574
  • Sold On
  • Rental
0 More Schedule
Source MLS Verified

PROPERTY DESCRIPTION

Exceptional opportunity to acquire both the real estate and a well-established, family-owned laundromat business. Sold together, this turnkey operation offers stable income with future growth potential.The well-maintained laundromat features 23 washers, including several high-capacity machines accommodating up to 60 pounds, and 20 dryers. In addition to self-service laundry, the business offers wash-and-fold service by the pound. Previous pickup and delivery services have been discontinued, presenting an opportunity for a new owner to reintroduce the service and increase revenue.Recent improvements include newer heating and air conditioning systems (2025), a new coin change machine, newer basement hot water heater, and newer basement access door. Additional income sources include an ATM, snack vending machine, and beverage vending machine.Ideally located in a densely populated residential neighborhood surrounded by homes, apartments, restaurants, and local businesses. A bus stop for Routes 25 and 375 is located directly in front of the property, helping drive consistent customer traffic. Ample street parking adds further convenience.Current business hours are Monday-Friday 8:00 AM-8:00 PM and Saturday-Sunday 7:00 AM-8:00 PM. Financials available upon request.A rare opportunity to own a profitable, necessity-based business and the underlying real estate with established operations, recent upgrades, and upside potential.

Property Details

General

  • Subdivision: West Side
  • County: Essex
  • Acreage: 0.12
  • Year Built: 9999
  • Sq. Ft.: 4,284
  • Lot Size: 54.6X96.10
  • Lot Description: Corner, Level Lot
  • Garage/Parking Spaces: 0.00

Financial Considerations

  • Tax Amount: $9,301
  • Tax Year: 2025

Activity

  • Days On Market: 72
  • List Date: 06/10/2026
 

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