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    1885 Springfield Ave Maplewood, NJ 07040

    For Sale
    Contact for pricing

    6,323 SF retail building with leasing and development potential.

    Property size:
    6,016 SF
    Lot size:
    0.17 Acres

    Property Features for 1885 Springfield Ave

    General Information

    Size
    6,016 SF
    Lot size
    0.17 Acres

    Source: The Goldstein Group Agent Neil Goldstein

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

    Overview

    Retail Building in Central District

    This 6,323 square-foot retail building is available immediately and comprises three units. A 3,315 square-foot corner location is available for lease. Situated at a signalized intersection within a central business district, the property benefits from its location in a densely populated marketplace. Municipal parking is available adjacent to the property, in addition to street parking. The location experiences traffic volume of over 16,500 vehicles per day. Potential zoning changes may allow for residential development above the existing retail space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Lexann Pharmacy Pharmacy

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Maplewood
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2704532
    Latitude
    40.7204918

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    FAQs

    What type of property is this?
    Retail space - 6,323 SF retail building with leasing and development potential.
    Where is this retail space located?
    The property is located at 1885 Springfield Ave Maplewood, NJ.
    What are key features of this property?
    This property features: - High-traffic corner location (3,315 SF) at a signalized intersection.; - Central Business District location with high visibility (16,500+ VPD).; - Potential for residential development above the existing retail space.
    (201) 703-9700
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    1885 Springfield Ave Maplewood, NJ 07040
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    Maplewood, NJ 07040
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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
    1885 Springfield Ave Maplewood, NJ 07040
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