33
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$460,000
Est. payment /mo
2,712 SqFt
New
625 Springfield Ave Newark City, NJ 07103
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Key Details
Property Type Single Family Home
Listing Status Active
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
Building
Lot Description Corner, Level Lot
Story 1
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by C-21 CEDARCREST REALTY
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