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    242 Mountain Ave Springfield, NJ 07081

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    For Lease
    $28 SF/Yr ($3,586 /Mo)

    Retail space for rent featuring vanilla box delivery.

    Property size:
    1,510 SF
    Lot size:
    0.53 Acres

    Property Features for 242 Mountain Ave

    General Information

    Size
    1,510 SF
    Lot size
    0.53 Acres

    Source: Jeffery Realty Agent Bruce Jeffery

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

    Overview

    Retail Space Available For Rent

    This retail space offers 1510 square feet and is delivered as a vanilla box, including ceiling tiles, LED lighting, an HVAC system, and an ADA-compliant bathroom. The property is located on Mountain Ave in Springfield, NJ. A facade renovation is pending for 2026.
    Insight Report Location Intelligence

    Current Use by Public Records

    New Silver Hanger-Springfield Dry Cleaner

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Union
    State
    New Jersey
    Longitude
    -74.3181346
    Latitude
    40.7040778

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    FAQs

    What type of property is this?
    Retail space - Retail space for rent featuring vanilla box delivery.
    Where is this retail space located?
    The property is located at 242 Mountain Ave Springfield, NJ.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: - Vanilla Box Delivery: Ready for your immediate customization and build-out.; - ADA Bathroom: Fully compliant and accessible.; - LED Lighting: Energy-efficient and modern lighting installed.
    (908) 625-8300
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    242 Mountain Ave Springfield, NJ 07081
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    Springfield, NJ 07081
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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
    242 Mountain Ave Springfield, NJ 07081
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