1878 Springfield AveMaplewood, NJ 07040

Property Details for 1878 Springfield Ave

Year built

1927

Lot size

0.11 AC

Property size (Sq ft)

6,000 SF

Zone code

PRB

Property type

Other commercial real estate

APN

11 00028- 03-00179

APU

11000280300179

Description

This exceptional investment opportunity presents a 6,000 square foot mixed-use building situated on a 0.11-acre lot in Maplewood, NJ's thriving commercial district. The property boasts a prime location on a busy, high-visibility street, ensuring excellent exposure for its tenants. Currently 100% leased, the building comprises two long-term storefront tenants (a restaurant and a nail salon) with built-in annual rental increases, and four residential apartments (three two-bedroom units and one studio). Four parking spaces are included, along with a finished basement. The residential units are currently leased below market value, presenting significant upside potential for future rental income. The property's convenient location offers easy access to the Maplewood business district, downtown Maplewood, parks, the Maplewood Country Club, the Garden State Parkway (GSP), Route 78, Newark International Airport (within 10 miles), and various public transportation options. Recent upgrades and improvements include a new roof (2021), three newer hot water tanks (2021), updated bathroom and paint in Apartment A (2021), new kitchen cabinets in Apartment B (2022), a complete repaint of the building and basement (2022), and a new security system with cameras (2022). This meticulously maintained property represents a rare opportunity to acquire a high-performing mixed-use asset in a highly desirable location. Each unit is separately metered.

Location Insight

City

Maplewood

County

Essex

State

New Jersey

Latitude

40.7209

Longitude

-74.27

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].