Retail Space
89-95 Victory Road Springfield, NJ 07081
Details & Description
Price: $1,750,000
    Property Highlights±7,424 SF Building on ±0.53-Acre LotNewly Renovated Facade and Parking LotStable Tenants with Long Term LeaseExcellent Visibility from Busy Springfield Avenue (Nearly 200' of Frontage on Victory Road)Current Tenants are Ester's Treats (Bakery) and Front and Center (Performing Arts Education)Taxes at $24,046.98 (2020)AccessibilityApprox. 2 Miles to I-78Approx. 2.4 Miles to Route 22Approx. 9.4 Miles to NJ TurnpikeApprox. 10.2 Miles to Newark Liberty International Airport
    Property Highlights
     7,424 SF Investment Opportunity
     7,424 SF Investment Opportunity
    Listing Agents
    John R. Longo

    O: 973-379-6644
    M: 908-803-1876
    jlongo@blauberg.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    89-95 Victory Road

    Springfield, NJ 07081

    Listing ID: 245409
    89-95 Victory Road Springfield, NJ 07081 | for Sale | Photo 1
    Building Size: 7,424 SF
    Lot Size: 0.530 AC
    Land Size: 23,086 SF
    Building $/SF: $235.72
    Land $/SF: $75.80
    Price
    $1,750,000
    Property Highlights
    7,424 SF Investment Opportunity
    Description

    Property Highlights

    ±7,424 SF Building on ±0.53-Acre Lot
    Newly Renovated Facade and Parking Lot
    Stable Tenants with Long Term Lease
    Excellent Visibility from Busy Springfield Avenue (Nearly 200' of Frontage on Victory Road)
    Current Tenants are Ester's Treats (Bakery) and Front and Center (Performing Arts Education)
    Taxes at $24,046.98 (2020)

    Accessibility

    Approx. 2 Miles to I-78
    Approx. 2.4 Miles to Route 22
    Approx. 9.4 Miles to NJ Turnpike
    Approx. 10.2 Miles to Newark Liberty International Airport
    Attachments & Files

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Newark History of Retail Space for Sale

    Loan and Amortization Calculator

    Listing Price
    Down Payment

    Loan Amount:
    Interest Rate:
    Term (months):

    Your Monthly Payment

    $0.00

    Total Principal: --

    Total Interest: --

    Total Cost: --

    Springfield Area Market Trends

    Listing Demographics for 89-95 Victory Road Springfield, NJ 07081

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population17,459124,332434,217
    Population Median Age424039
    Population by Age0-9 Yrs1973 (11%)15149 (12%)54351 (12%)
    10-19 Yrs1787 (10%)16434 (13%)57935 (13%)
    20-29 Yrs2031 (11%)13269 (10%)53402 (12%)
    30-39 Yrs2045 (11%)14481 (11%)54208 (12%)
    40-49 Yrs2315 (13%)18662 (15%)62013 (14%)
    50-59 Yrs2916 (16%)19550 (15%)63590 (14%)
    60-69 Yrs2323 (13%)14089 (11%)46064 (10%)
    70+ Yrs2070 (11%)12697 (10%)42654 (9%)
    Median HH Income$90,861$106,882$85,102
    Total Household Income< 24K862 (12%)4173 (9%)22795 (14%)
    25-49K907 (13%)5157 (11%)23857 (15%)
    50-74K1017 (15%)6258 (14%)22387 (14%)
    75-99K909 (13%)5031 (11%)17469 (11%)
    100-199K1837 (27%)12571 (28%)38142 (25%)
    200K+1194 (17%)10366 (23%)27547 (18%)
    Highest Education LevelNo Diploma943628226251
    Diploma or GED30041894774383
    Some College16771187148482
    Assoc. Degree680421016829
    Bachelors Degree35062449474070
    Higher Degree28992027954797
    Total Housing Units7,03345,586166,106
    --Owner-Occupied4,38131,09092,070
    --Renter-Occupied2,34412,46560,128
    Owner-Occupied Values< 100K974402463
    100-199K9714288712
    200-299K737506718274
    300-399K1350789518660
    400-499K822447110948
    500K+12781178833014
    Total Working Age Population14,30198,448344,164
    In Work Force9,64968,371236,343
    Not In Work Force4,65130,078107,821
    Workforce Employed9,25864,898218,862
    Workforce Unemployed3803,43417,203
    Civlian Workforce9,63868,332236,065
    Military Workforce1139278
    Total Households6,72643,555152,198
    Family Households4,59532,415107,570
    Non-Family Households2,13111,14044,628
    Married Couple3,78225,66774,778
    Other Family8136,74832,792
    Married w/Child1,61112,69736,044
    Single Male w/Child556133,019
    Single Female w/Child2451,96711,553

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    New Jersey8,414,350+48,791,894+49,132,700+49,530,900
    Bergen County884,118+2905,116+7967,500+71,031,500
    Essex County793,633-1783,969+3808,300+3829,800
    Morris County470,212+5492,276+3509,100+5535,600
    Union County522,541+3536,499+7573,000+6605,600
    New York18,976,457+219,378,102+420,146,131+220,604,030
    Richmond County443,728+6468,730+3481,351+1488,119

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 89-95 Victory Road in Springfield?
    The asking price for 89-95 Victory Road is $1,750,000
    What is the building size of this Retail property in Springfield, NJ?
    The size of the building/unit at 89-95 Victory Road in Springfield is 7,424 square feet
    How much land does the Springfield, NJ property at 89-95 Victory Road include?
    89-95 Victory Road in Springfield includes 0.530 acres of land
    What kind of Retail is the propery at 89-95 Victory Road?
    The property at 89-95 Victory Road Springfield, NJ 07081 is listed as a Free Standing Building Retail property
    What is the population within 1 mile of 89-95 Victory Road in Springfield?
    The population within 1 mile of 89-95 Victory Road Springfield, NJ 07081 is 17,459 people.
    Who do I contact for questions about 89-95 Victory Road?
    You should contact the listing agent, John R. Longo, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

    Address Price Sq Ft Acres
    517 Millburn Avenue, Madison, NJ $950,000 4000 0.1
    272 U.S. 22, Springfield, NJ $4,000,000 6855 2
    1008 Harding Avenue, Union, NJ CALL 1400 1.24
    1490 East Broad Street, Westfield, NJ CALL 2000 0.2
    307 Westfield Avenue West, Roselle Park, NJ $625,000 3980 0.1
    1398 Liberty Avenue, Hillside, NJ $810,000 4750 0.2
    502 Irvine Turner Boulevard, Newark, NJ $199,000 2261 0.05
    6 Bower Street, Linden, NJ CALL 7000 0.5
    228 North Wood Avenue, Linden, NJ $799,000 4800 0.07
    456 West Market Street, Newark, NJ CALL 3000 0.36

    Closest Commercial Airports

    Airport Distance (mi)
    Newark Liberty International Airport (EWR) 7
    La Guardia Airport (LGA) 23
    John F Kennedy International Airport (JFK) 28