721 Springfield Ave, Newark, NJ 07103

  • Active

 $1,300,000

  • 0 BedroomBedrooms
  • 0 BathroomBathrooms
  • 4,284 Sq.Ft.
  • Commercial
  • Active
  • MLS# 4047817
  • Sold On
  • Rental
0 More Schedule
Source MLS Verified

PROPERTY DESCRIPTION

Rare and premier opportunity to own a prime piece of Newark real estate at 721 Springfield Ave, situated directly in a rapidly transforming municipal redevelopment zone. Offered at $1.3M, this property boasts an ultra-visible, high-traffic location with immense upside. Strategically positioned on a block where two surrounding plots of land are also located within the redevelopment footprint, this site offers savvy buyers a front-row seat to future area assemblage and massive neighborhood expansion. Capitalize on Newark's major revitalization momentum, favorable commercial/mixed-use zoning, and maximum brand exposure. Being sold strictly AS-IS. Buyer is responsible for all municipal certificates, variances, and due diligence. Secure this anchorlocation before the surrounding area fully booms!

Property Details

General

  • Subdivision: Southward
  • County: Essex
  • Acreage: 0.06
  • Sq. Ft.: 4,284
  • Lot Size: 32.10X80

Financial Considerations

  • Tax Amount: $7,998
  • Tax Year: 2025

Activity

  • Days On Market: 67
  • List Date: 08/19/2026
 

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