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584-594 Springfield Ave
Newark, NJ 07103
BP Gas Station and Convenience Store · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Service Station
Building Size
800 SF
Building Class
B
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.47 AC
Zoning
RDV-SD
Parking
5 Spaces (6.25 Spaces per 1,000 SF Leased)
Frontage
102’ on Springfield Ave
About 584-594 SPRINGFIELD AVE , NEWARK, NJ 07103
BP gas stations and convenience store being sold subject to a NN Lease. Tenant is an eight store operator with personal guarantee. Tenant operating store since 2011 and has invested in the property. Landlord is advised by the operator/tenant that gasoline sales are approximately 780,000 gallons per year at $.50/gallon margin and that inside store sales (excluding lottery tickets sales) are approximately $580,000 per year. NN lease details available on the auction website. NRC Realty Advisors of New Jersey, LLC, license #0897521
Property Taxes
| Parcel Number | 14-00361-0000-00021 | Improvements Assessment | $168,000 |
| Land Assessment | $334,400 | Total Assessment | $502,400 |
Property Taxes
Parcel Number
14-00361-0000-00021
Land Assessment
$334,400
Improvements Assessment
$168,000
Total Assessment
$502,400
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