1992-1998 Springfield Ave
Maplewood, NJ 07040
Retail Property For Sale

CBRE’s Investment Properties team is pleased to present 1992-1998 Springfield Avenue, Maplewood in Essex County, New Jersey. It is a 2,293+/- square foot mixed-use building resting on 0.23 acres. The property consists a 1,500+/- square foot retail space, an attached two-story house, and 18 car parking lot. The property will be delivered vacant and appeals to owner-users, investors with tenants in tow, and developers. The lot has 100 feet of frontage on Springfield Avenue which has average traffic counts over 16,000 vehicles per day. Demographics are excellent with almost 600,000 people within 5 miles and an average household income over $138,000 within one mile. Nearby national retailers include Dunkin’, Burger King, Jiffy Lube, Home Depot, Union Crescent Plaza with Whole Foods Market, Target, and Best Buy. The retail space was most recently leased to a martial arts studio and can be occupied immediately. The house requires maintenance before occupancy. With lot dimensions of 100’x100’ on one of the area’s busiest thoroughfares, the property is ready for redevelopment, or the existing structure can be utilized while future development is planned.