625-627 Springfield Ave - Retail FOR SALE


Newark, NJ 07103- West Side
$670,000 USD
973-228-1050
625-627 Springfield Ave, Newark, NJ for Sale
$670,000 USD
Retail - FOR SALE
1/33
null | 11.94% Cap Rate

625-627 Springfield Ave
Newark, NJ 07103
West Side


HIGHLIGHTS

  • Surrounded by dense residential neighborhoods, restaurants, and local businesses, providing a built-in customer base.
  • Essential service business with potential customer demand throughout the day, seven days a week.
  • Bus stop for Routes 25 and 375 located directly in front of the laundromat, helping generate consistent traffic and customer convenience.

OVERVIEW

Exceptional opportunity to acquire both the real estate and a well-established, family-owned laundromat business. Sold together, this turnkey operation offers stable income with future growth potential.The well-maintained laundromat features 23 washers, including several high-capacity machines accommodating up to 60 pounds, and 20 dryers. In addition to self-service laundry, the business offers wash-and-fold service by the pound. Previous pickup and delivery services have been discontinued, presenting an opportunity for a new owner to reintroduce the service and increase revenue.Recent improvements include newer heating and air conditioning systems (2025), a new coin change machine, newer basement hot water heater, and newer basement access door. Additional income sources include an ATM, snack vending machine, and beverage vending machine.Ideally located in a densely populated residential neighborhood surrounded by homes, apartments, restaurants, and local businesses. A bus stop for Routes 25 and 375 is located directly in front of the property, helping drive consistent customer traffic. Ample street parking adds further convenience.Current business hours are Monday-Friday 8:00 AM-8:00 PM and Saturday-Sunday 7:00 AM-8:00 PM. Financials available upon request.A rare opportunity to own a profitable, necessity-based business and the underlying real estate with established operations, recent upgrades, and upside potential.

FOR SALE DETAILS

PRICE

$670,000 USD

PRICE/SF

$335 USD /SF

CAP RATE

11.94%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

4A

APN/PARCEL ID

14-02622-0000-00008

ASK ABOUT THIS PROPERTY

John SassCentury 21 Cedarcrest Realty, Inc.More Info
973-228-1050

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John SassCentury 21 Cedarcrest Realty, Inc.More Info
973-228-1050

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