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43 Commerce St 2,100 SF 100% Leased Flex Building Springfield, NJ 07081 $725,000 ($345.24/SF)
Investment Highlights
- 2,100 SF total building with 1,300 SF office and 800 SF warehouse space.
- One tailboard loading dock and parking for seven vehicles, plus street parking.
- Excellent location near Route 22, I-78, and Garden State Parkway.
- Situated on a 0.33-acre lot with ±11-foot clear ceiling height.
- Zoned I-40 (General Industrial) with broad permitted and conditional uses.
- 10 minutes to public transportation and 15 minutes to Newark Liberty Airport.
Executive Summary
43 Commerce Street in Springfield, NJ, presents an opportunity to acquire a 2,100 SF office flex building situated on a 0.33-acre lot. The property includes approximately 1,300 SF of office space and 800 SF of warehouse area, offering a versatile layout for a range of business uses. It features ±11-foot clear ceiling height, one tailboard loading dock, and parking for seven vehicles, with additional street parking available.
The property is zoned I-40 (General Industrial), allowing for a variety of permitted uses including professional and medical offices, wholesale businesses, light manufacturing, research and testing facilities, and more. Conditional uses such as automobile service stations and telecommunications antennas are also allowed.
Strategically located with easy access to Route 22, I-78, and the Garden State Parkway, the site is just 10 minutes from local commuter rail and 15 minutes from Newark Liberty International Airport, making it highly accessible for regional connectivity.
The property is zoned I-40 (General Industrial), allowing for a variety of permitted uses including professional and medical offices, wholesale businesses, light manufacturing, research and testing facilities, and more. Conditional uses such as automobile service stations and telecommunications antennas are also allowed.
Strategically located with easy access to Route 22, I-78, and the Garden State Parkway, the site is just 10 minutes from local commuter rail and 15 minutes from Newark Liberty International Airport, making it highly accessible for regional connectivity.
Property Facts
| Price | $725,000 | Lot Size | 0.33 AC |
| Price Per SF | $345.24 | Rentable Building Area | 2,100 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Flex | Year Built | 1962 |
| Building Class | C | Parking Ratio | 3.33/1,000 SF |
| Zoning | I-40 - General Industrial | ||
| Price | $725,000 |
| Price Per SF | $345.24 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 0.33 AC |
| Rentable Building Area | 2,100 SF |
| No. Stories | 1 |
| Year Built | 1962 |
| Parking Ratio | 3.33/1,000 SF |
| Zoning | I-40 - General Industrial |
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 17-03101-0000-00007 | Improvements Assessment | $178,500 |
| Land Assessment | $168,000 | Total Assessment | $346,500 |
Property Taxes
Parcel Number
17-03101-0000-00007
Land Assessment
$168,000
Improvements Assessment
$178,500
Total Assessment
$346,500
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