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!
721 Springfield Ave, Newark City NJ 07103-1074
Property City
Newark City
Property Price
$1,300,000
Bedrooms
5
Year Built
0
Tax Annual Amount
$7998
TaxYear (*text)
2025
Roof (*text)
See Remarks
Lot Size Area
0.06
MLS Status
Active
MLS #
4049071
Yearly Tax Rate
3.999
Year Built (*numeric)
0
Basement
Yes
Roofing (*text)
See Remarks
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
See Remarks
Heating
See Remarks
Lot Size Dimensions
32.10X80
Data import from
GSMLS