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Fabulous exposure, high visibility on Rt 46. Corner property, easy accessibility, As per owner approx 14,000 cars pass by daily. Private parking lot, many possibilities with modern updates. Huge kitchen area with rear entrance from back parking lot (supplies) and first floor bathroom. Commercial wide staircase leading up to 2 large conference rooms plus a full bath. Full walk-out basement, space and storge abundant. 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504 Springfield Ave , Newark City, New Jersey 07103-2021
- $649,999
504 Springfield Ave , Newark City, New Jersey 07103-2021
- $649,999
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.
Address
Open on Google Maps-
City: Newark City
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State/county: Essex
Details
Updated on April 30, 2026 at 6:53 am-
Property ID HZ4017527
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Price $649,999
Features
Mortgage Calculator
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