Turnkey Laundromat With Real
For Sale
$460,000
625 Springfield Ave, Newark, NJ 07103
Turnkey sale includes a well-maintained laundromat and underlying real estate with 23 washers, 20 dryers, and wash-and-fold service.
Property Size2,712 SF
Days on Market59
Property Features for 625 Springfield Ave
General Information
Standard status
Active
Size
2,712 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$9,301
Building Details
Building Size
2,712 SF
Year Built
9999
Stories
1
Units
1
Listing Agency:
Cedarcrest Realty, Inc.
(973) 228-1050
Listed By:
TRACY YAW CHAN · License #0226604
Source:
Elliman
Added: Jun 14
Changed: Aug 8
Last Checked: Aug 10 at 5:05AM
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 Cedarcrest Realty, Inc.
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
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5,404
Businesses Nearby
226k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
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
