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5 Beds
4 Baths
5,924 sqft

$1,300,000

721 Springfield Ave, Newark City NJ, 07103

Price per sqft$219.45
Property size5,924 sqft
Property typeMulti-family

Overview

Active

Listed Aug 27, 2026

Updated 2 days ago

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!

$8,649/mo

Est. mortgage payment based on a $1,300,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4049071

Interior Features

Bedrooms
5
Bathrooms
4
Basement
Yes

Exterior Features

Lot Size
0.06 Acres

Other Property Details

Taxes
$7,998
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of REALTY 33, LLC with ONYEMAECHI OKAFOR,
Listing Contact: 9737629000 

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