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Retail Storefront with Basement
For Lease
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469 Springfield Ave, Newark, NJ 07103

Storefront on a busy commercial corridor with added basement space for storage and operational support.

Space Size9,000 SF
Days on Market53

Property Features for 469 Springfield Ave

General Information

Standard status Active
Size 9,000 SF
Class C
Property subtype Retail

Building Details

Building Size 9,000 SF
Year Built 1950
Tenancy Single

Spaces For Lease

at 469 Springfield Ave Contact us

#1

Size
9,000 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Clifton CRE
Listed By: Meir Mizrachi · License #NJ 1861520
Source: Crexi
Added: Jun 22 Changed: Aug 8 Last Checked: Aug 12 at 8:04AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Clifton CRE

Investment Insights

Based on property information with market context.

This rental opportunity includes a customer-facing storefront plus a supplemental basement level. The storefront provides a prominent retail presence, while the additional basement space can support storage, inventory management, or other operational needs. The overall layout is designed to keep core customer activity at the storefront while giving flexibility for back-of-house functions below.

Located on one of the area’s busiest commercial corridors, the property benefits from high visibility and consistent traffic exposure. The combination of a storefront and basement makes it well-suited for businesses that require both walk-in access and additional usable space beyond the main sales floor.

This space can work for retailers, showrooms, and service businesses seeking a straightforward storefront setup with extra room for supporting operations. If you’re looking for a rental configuration that balances customer-facing frontage with practical storage or workflow space, this property’s storefront-and-basement layout should be on your list. For more information, reach out to the listing contact.

Key Highlights

  • 6,000 SF storefront on a busy commercial corridor for customer‑facing presence
  • Additional 3,000 SF basement for storage, inventory management, or operational support
  • Year built: 1950

Property Analytics

Current Use

Home Decor Furniture ... Furniture & Home Goods

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Gym & Fitness Center Acupuncture (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

5,404
Businesses Nearby
226k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 33% Groceries 31% Shops & Services 24% Apparel 7%
ShopRite Groceries
69,926 visits/mo 0.4 miles
McDonald's Dining
28,705 visits/mo 0.4 miles
Dollar Tree Shops & Services
16,256 visits/mo 0.5 miles
Starbucks Dining
11,346 visits/mo 0.4 miles
Bank of America Shops & Services
11,294 visits/mo 0.0 miles

Demographics for 07103, NJ

39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value

Market

Lease Benchmarks for Newark, NJ

$18.76 /SF/Yr
Avg Asking Price
$2.49–$41.07 /SF/Yr
Price Range
6,445 SF
Avg Space Size

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Storefront on a busy commercial corridor with added basement space for storage and operational support.
Where is this retail space located?
The property is located at 469 Springfield Ave Newark, NJ.
What are key features of this property?
This property features: 6,000 SF storefront on a busy commercial corridor for customer‑facing presence; Additional 3,000 SF basement for storage, inventory management, or operational support; Year built: 1950
More about this property
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