1989 Springfield AveMaplewood, NJ 07040

Property Details for 1989 Springfield Ave

Year built

1975

Property size (Sq ft)

2,734 SF

Zone code

PRB

Property type

Commercial real estate

APN

11 00029- 01-00526

APU

11000290100526

Description

This exceptional 0-acre lot, located at 1989 Springfield Avenue in Maplewood, New Jersey, presents a rare opportunity for investors and developers. Priced affordably at $7,000, this property offers significant potential for various projects. The property's "Other" classification suggests flexibility in its permitted use, making it suitable for a range of development possibilities. Given its location in Maplewood, NJ, the property benefits from access to local amenities, transportation networks, and a vibrant community. The absence of square footage information highlights the blank canvas this land presents, allowing for customized design and construction to meet specific needs. This is a chance to acquire a piece of land in a desirable New Jersey town at a highly competitive price point. Serious inquiries are encouraged to explore the full potential of this unique offering and determine its suitability for their specific development plans. Due diligence is recommended to confirm zoning regulations and permitted uses before making any investment decisions. The property's address is clearly identified as 1989 Springfield Avenue, Maplewood, NJ. This is a truly unique opportunity to acquire a piece of land in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $512,280

  6.5%

  $472,874

  7%

  $439,097

• Comparable approach

  Method

  Valuation

  Relative Method

  $357,224

  Geo Method

  $357,224

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $930,980

  Retail / Commercial

  $477,402

  Mixed-Use / Specialty

  $475,700

  Hospitality / Lodging

  $349,006

  Office

  $472,874

  Institutional / Educational

  $494,536

  Residential Income

  $578,607

  Multifamily

  $693,951

  Automotive / Energy

  $423,888

  Parking / Income-Based Land

  $146,279

  Restaurant / Food Service

  $247,415

  Healthcare / Senior Housing

  $487,821

Location Insight

City

Maplewood

County

Essex

State

New Jersey

Latitude

40.7197

Longitude

-74.2754

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].