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MixedUse For Sale

504 Springfield Ave, Newark City, Essex 07103-2021

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Property Description

Mixed-Use Building: Taxes 10,713 Lot 24×105 offers both commercial and residential income opportunities. The first floor retail unit previously occupied by a pharmacy, making it an excellent opportunity for a variety of potential businesses. The 2nd and 3rd floors each include large, residential apartments with 3 or potential for 4 bedrooms 1 bathroom. (Note: some bedrooms do not include a closet.) These units offer high ceilings, generous layouts, & both front and rear stair access. Separate utilities, Unfinished basement w/ bilco door. Building upgrades completed in 2006, including updated electrical systems, central air, hot water baseboard heating. The property is being sold as-is, presenting a fantastic opportunity for an investor or owner-occupant to add value and maximize income. Store Rent Potential $2,500 – $3,000 – (Potential Annual Income $100,000 -$110,000(+/-) – Total 4,700 sq ft (+/-) Basement is 1,229 sq ft Retail Floor is 1,099 Sq ft – 2nd Floor Unit is 1,184sqft, 3rd Floor Unit is 1,184 sq ft (SQ FT Measurement calculated by the Matterport System and should be approx.

Basic Details
Property Type:
MixedUse
Listing Type:
For Sale
Listing ID:
4017527
Price:
$649,999
Year Built:
1947
Lot Area:
0.06 Acre
Status:
Under Contract
Office Name:
RE/MAX LIFETIME REALTORS
Agent Name:
TINA REBIMBAS TORRES
Roof:
Flat
Features
Heating System:
Baseboard - Hotwater, Forced Hot Air, 3 Units
Cooling System:
Central Air, 1 Unit
Basement:
Unfinished
Flooring:
Vinyl-Linoleum
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Address Map
Country:
US
State:
Essex
County:
Essex
City:
Newark City
Zipcode:
07103-2021
Street:
Springfield Ave
Street Number:
504
Longitude:
W75° 47' 50.5''
Latitude:
N40° 43' 54.6''
Directions:
Springfield Ave - Near Home Depot
Zoning:
Mixed Use
Additional Information
Lot Size Dimensions:
24.3X105
Water Source:
Public Water
Stories Total:
3
Number Of Units Total:
3
Lot Features:
Level Lot
Financial
Tax Annual Amount:
10713
Listing Information
List Agent Mls Id:
269046
List Office Mls Id:
3838
Mls Status:
Under Contract
Modification Timestamp:
2026-04-22T15:25:43Z
Originating System Name:
gsmls
MixedUse For Sale
Listing ID:
4017527
Lot Area:
0.06 Acre
$649,999
Agent info
Contact Agent

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