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Patric Santo Pietro

[email protected] +1(732) 570-5442

$ 460,000

Est. payment -/mo

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Under Contract

625 Springfield Ave Newark City, NJ 07103

2,712 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,712 sqft

Price per Sqft $169

Subdivision West Side

MLS Listing ID 4033574

Annual Tax Amount $9,301

Tax Year 2025

Lot Size 5,227 Sqft

Property 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.

Location

State NJ

County Essex

Zoning Commercial

Rooms

Basement Bilco-Style Door, Unfinished, Walkout

Interior

Heating Electric, Gas-Natural

Cooling 1 Unit, Central Air

Flooring Laminate

Equipment Fire Alarm, Fixtures, Machinery, Restrooms - Private, Restrooms - Public, Sign - Building, Smoke Detector, Storage Area(s)

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Concrete

Utilities Available Electric, Gas-Natural

Roof Type Flat

Garage No

Building

Lot Description Corner, Level Lot

Story 1

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Listed by C-21 CEDARCREST REALTY

NEARBY SCHOOL & BUSINESS

Patric Santo Pietro

Agent License ID: 1007170

+1(732) 570-5442

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Patric Santo Pietro

625 Springfield Ave Newark City, NJ 07103

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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625 Springfield Ave