1882 Springfield Ave 6,600 SF 100% Leased Retail Building Maplewood, NJ 07040 $1,550,000 ($234.85/SF)

1882 Springfield Avenue in Maplewood, NJ, offers an exceptional mixed-use investment opportunity with a well-maintained blend of residential and commercial space. Before
being converted into four multifamily units, the property originally operated as a bank, adding unique architectural character and solid structural integrity to the building.
The property now consists of four residential apartments, each offering desirable layouts and modern amenities, making them ideal for steady rental income over one
retail unit. The retail space benefits from high visibility in a high-traffic commercial area, which enhances the potential for continued tenant interest and future rent growth.
A standout feature of this property is the inclusion of 22 dedicated parking spaces, which not only serve the retail customers but also cater to the apartment tenants, making it highly attractive in an area where parking is a rare commodity. Located in the heart of Maplewood’s vibrant retail district, the property enjoys proximity to a variety of shops, restaurants, and essential services, which contributes to its appeal for both residential and commercial tenants. Maplewood is a sought-after location known for its family-friendly atmosphere, top-rated schools, and easy access to New York City via public transportation and major highways like I-78 and the Garden State Parkway.
This property offers multiple streams of income and strong long-term growth potential, making it a prime investment in an area that continues to see increasing demand for
both commercial and residential real estate.