Turnkey Laundromat With Real
625 Springfield Ave Newark, NJ 07103
625 Springfield Ave, Newark, NJ, 07103
$460,000
For Sale
$460,000
Turnkey sale includes a well-maintained laundromat and underlying real estate with 23 washers, 20 dryers, and wash-and-fold service.
Days on Market35
Property Features for 625 Springfield Ave
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 9999
Listing Agency
(973) 476-8097
Listed by
HANNAH NG
Source
Elliman
Added: Jun 14 Checked: Jul 17 at 6:20 am
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 HANNAH NG
Investment Insights
Based on property information with market context.
This turnkey offering combines the underlying storefront property with a well-established, family-owned laundromat business. The operation includes 23 washers, including several high-capacity machines designed for loads up to 60 pounds, and 20 dryers. In addition to self-service laundry, the business provides wash-and-fold service by the pound. Ancillary onsite income is supported by an ATM plus snack and beverage vending machines. Recent upgrades include newer heating and air conditioning systems (2025), a new coin change machine, a newer basement hot water heater, and a newer basement access door.
The property is positioned in a densely populated residential neighborhood surrounded by homes, apartments, restaurants, and local businesses. A bus stop for Routes 25 and 375 sits directly in front of the property, and there is ample street parking for customers.
For a buyer or operator, this is a necessity-based laundromat setup that is already running with established hours of operation, currently Monday through Friday from 8:00 AM to 8:00 PM and Saturday through Sunday from 7:00 AM to 8:00 PM. The sale also includes the real estate, which can appeal to those seeking long-term control of their operating location. While previous pickup and delivery service has been discontinued, the current operation continues to serve customers with self-service laundry and wash-and-fold by the pound.
The property is positioned in a densely populated residential neighborhood surrounded by homes, apartments, restaurants, and local businesses. A bus stop for Routes 25 and 375 sits directly in front of the property, and there is ample street parking for customers.
For a buyer or operator, this is a necessity-based laundromat setup that is already running with established hours of operation, currently Monday through Friday from 8:00 AM to 8:00 PM and Saturday through Sunday from 7:00 AM to 8:00 PM. The sale also includes the real estate, which can appeal to those seeking long-term control of their operating location. While previous pickup and delivery service has been discontinued, the current operation continues to serve customers with self-service laundry and wash-and-fold by the pound.
Key Highlights
- Turnkey sale includes a well‑maintained laundromat and the underlying real estate
- 23 washers and 20 dryers, including several high‑capacity washers accommodating up to 60 lbs
- Wash‑and‑fold service by the pound, with previous pickup/delivery services discontinued
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lotus Laundromat
(Bike/Boat/Book/etc) Store
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FAQs
What type of property is this?
Storefront property - Turnkey sale includes a well-maintained laundromat and underlying real estate with 23 washers, 20 dryers, and wash-and-fold service.
Where is this storefront property located?
The property is located at 625 Springfield Ave Newark, NJ.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Turnkey sale includes a well‑maintained laundromat and the underlying real estate; 23 washers and 20 dryers, including several high‑capacity washers accommodating up to 60 lbs; Wash‑and‑fold service by the pound, with previous pickup/delivery services discontinued
