625 Springfield Ave, Newark City, NJ 07103
West Side · Essex County
Key Facts
Description
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Living Area
2,712 sq ft
Ownership
Sole Proprietorship
Days on Market
11
MLS® Listing#
4033596
Property Features
- Cooling:
- Central Air
- Heating:
- Baseboard, Electric, Natural Gas
- Basement:
- Unfinished, Walk-Out Access
- Parking:
- On Street
- Lot Features:
- Corner Lot
- Utilities:
- Natural Gas Available
- Sewer:
- Public Sewer
- Water Source:
- Public
HOA & Tax
- Parcel #:
- 1614-02622-0000-00008-0000-
Directions
On Springfield Ave, off of S 15th St
Affordability Calculator
$42,000
Estimated monthly payment
$1,118/mo
Principal $168,000 · Est. interest $234,375 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newark City, NJ
- $616,435
- Median Listing Price
- 49
- Median Days on Market
- 1,383
- Median Sq Ft
- $423
- Median Price / Sq Ft
- 3,208
- Active Listings
- This home’s price is 66% below the area median.
- Its price per sq ft is 82% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newark City, NJ.
Location
- 625 Springfield Ave, Newark City, NJ 07103
Nearby Schools
North Star Academy West Side Park Elementary School
Elementary · 0.2 mi away
South 17th Street School
Elementary · 0.3 mi away
Great Oaks Legacy Charter School
School · 0.3 mi away
Madison Elementary School
Elementary · 0.3 mi away
Harriet Tubman Elementary School
Elementary · 0.5 mi away
Harriet Tubman Pto Aftercare
Elementary · 0.5 mi away
Grove Street Elementary School
Elementary · 0.5 mi away
Berkeley Terrace Elementary School
Elementary · 0.5 mi away
The Leaguers
School · 0.6 mi away
Avon Avenue School
Elementary · 0.6 mi away
North Star Academy Clinton Hill Middle School
Elementary · 0.6 mi away
Thurgood Marshall School
Elementary · 0.6 mi away
University High School
Secondary School · 0.6 mi away
Independence High School
Secondary · 0.7 mi away
Achieve Community Charter School
School · 0.7 mi away
University Elementary School
Primary School · 0.7 mi away
Cleveland Elementary School
Elementary · 0.7 mi away
University Middle School
Secondary School · 0.7 mi away
Harold Wilson School
School · 0.8 mi away
Camden Street Elementary School
Elementary · 0.8 mi away
Commute Calculator
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EXIT Agents in Newark City
Listing Courtesy: C-21 CEDARCREST REALTY - 9732281050