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504 Springfield Ave , Newark City, New Jersey 07103-2021

  • $649,900

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 (+/-) – 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.

  • City: Newark City
  • State/county: NJ

Details

Updated on September 8, 2026 at 8:33 pm
  • Property ID HZ4051206
  • Price $649,900
  • Property Status Active

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Queens Realty New Jersey

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