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    202-220 Springfield Ave Newark, NJ 07103

    For Lease
    Contact for pricing

    Mixed-use development anchored by ShopRite with upcoming Popeyes.

    Property size:
    890 SF
    Lot size:
    1.99 Acres

    Property Features for 202-220 Springfield Ave

    General Information

    Size
    890 SF
    Lot size
    1.99 Acres

    Source: Paramount Realty Services, Inc. Agent Joseph Zekaria

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Development with ShopRite Anchor

    This mixed-use development is anchored by a ShopRite, which drives approximately 2.7 million annual visits. A new Popeyes with a drive-thru is coming soon. The location benefits from a signalized intersection at Jones & Prince Streets, providing high visibility and accessibility. The trade area is dense, servicing 63 public schools with 37,000 students, 5 universities with 60,000 students, and over 450,000 residents within a 3-mile radius. The development includes 152 on-site apartment units, providing a built-in customer base. The property offers 890 square feet of space and is located on Springfield Ave in Newark, NJ.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Springfield Commons, Coinstar Kiosk | Bitcoin ATM, J. Wighman, Julio cepeda

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1867935
    Latitude
    40.735073

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    FAQs

    What type of property is this?
    Shopping center - Mixed-use development anchored by ShopRite with upcoming Popeyes.
    Where is this shopping center located?
    The property is located at 202-220 Springfield Ave Newark, NJ.
    What are key features of this property?
    This property features: - Anchored by ShopRite driving 2.7 million annual visits; - Dense trade area with over 450,000 residents within 3-miles; - 152 On-site apartment units providing a built-in customer base
    (732) 961-8134
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    202-220 Springfield Ave Newark, NJ 07103
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