NJ
Essex
Newark City
07103
625 Springfield Ave
625 Springfield Ave, Newark City, NJ 07103
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Listing Type
Commercial/Industrial
Listing Status
Active
32
$200,000

Home Details for 625 Springfield Ave

Price
$200,000
Type
Commercial Sale
County
Essex
Basement
Unfinished, Walk-Out Access
Days on site
2
MLS Listing#
4033596
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.

Property Features
  • Heating Information
    • Baseboard
    • Electric
    • Natural Gas
  • Basement
    • Unfinished
    • Walk-Out Access
  • Cooling Information
    • Central Air
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
  • Parking
    • On Street
Listing Courtesy: C-21 CEDARCREST REALTY - 973-228-1050
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EXIT REALTY LUCKY ASSOCIATES
290 Ferry St., Newark, NJ 07105
Office
973 817 7700
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