1790 Springfield Ave - Restaurant FOR SALE


Maplewood, NJ 07040
$5,700,000 USD
908-503-2683
1790 Springfield Ave, Maplewood, NJ for Sale
$5,700,000 USD
Restaurant - FOR SALE
1/10
null | 5.59% Cap Rate

1790 Springfield Ave
Maplewood, NJ 07040


HIGHLIGHTS

  • New Construction 2024
  • 12 Apartments and 1 Restaurant
  • Large Condo Like Apartments
  • All Separate Utilities
  • Off-Street Parking
  • Restaurant pays water, sewer, landscape and snow removal

OVERVIEW

Prime investment opportunity to own a new construction building in Maplewood NJ. This investment property consists of 12 apartments and 1 restaurant tenant. The building was constructed in 2024 and features 11 - one bedroom apartment and 1-three bedroom apartment along with a 4,000 SqFt restaurant that has a 10 year lease with options. Buyer needs to work with seller's 1031 Exchange.

FOR SALE DETAILS

PRICE

$5,700,000 USD

PRICE/SF

$1,817 USD /SF

CAP RATE

5.59%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,994 SF

ZONING

PRB

APN/PARCEL ID

11-00030-01-00107

ASK ABOUT THIS PROPERTY

Brandon ZaleskiBrightstar Realty & RentalsMore Info
908-503-2683

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Brandon ZaleskiBrightstar Realty & RentalsMore Info
908-503-2683

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.