2140 Springfield Ave | Vauxhall, NJ 07088
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2140 Springfield Ave
Vauxhall, NJ 07088
Union Twp. Development Site + Liquor License · Retail Property For Sale
Investment Highlights
- 3 Mile +/- proximity to Seton Hall University
- 8 Mile +/- proximity to Newark Liberty Airport, Rutgers University & Prudential Financial
- Liquor license can travel throughout Union Township and Vauxhall
- 5 Mile +/- proximity to Overlook Medical Center, RWJ Barnabas Health, & Merck Pharmaceuticals
- Located in high-demand area experiencing major redevelopment
Executive Summary
Nestled in the heart of Vauxhall, sitting on Rt. 124 and one block from I-78, this prime redevelopment site offers a unique investment opportunity. Situated in a vibrant and rapidly growing area, the site is surrounded by thriving businesses, popular eateries, and bustling residential neighborhoods. The sale includes a fully transferrable Type-33 liquor license, which is able to travel to any site within Union Township and Vauxhall alike. Architectural drawings on file for a mixed-use building (restaurant with apartments). Year-built date is approximate.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
1,200 SF
Year Built
1940
Price
$1,649,500
Price Per SF
$1,375
Percent Leased
100%
Building Height
1 Story
Building FAR
0.07
Lot Size
0.42 AC
Frontage
35 FT on Springfield Ave
PROPERTY TAXES
| Parcel Number | 19-04811-0000-00030 | Improvements Assessment | $13,700 |
| Land Assessment | $46,200 | Total Assessment | $59,900 |
PROPERTY TAXES
Parcel Number
19-04811-0000-00030
Land Assessment
$46,200
Improvements Assessment
$13,700
Total Assessment
$59,900
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