721 Springfield Ave, Newark City NJ 07103-1074

$1,300,000
Active
Newark City
Bedrooms
5

About this home

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!

Taxes & fees

Annual property tax
$7,998
Tax year
2025
Tax rate
3.999

Property details

Year Built
0
Roof (*text)
See Remarks
Lot Size Area
0.06
MLS #
4049071

Features & amenities

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 dimensions
32.10X80
Property Location

40.72949, -74.21498

Geo Lat Long Proximity (field_pro_lat_long)
Units: Miles
Origin Coordinates
Value in decimal degrees. Use dot (.) as decimal separator.
Listing source
GSMLS
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