504 Springfield Ave Newark, NJ 07103
New
- Added:
- Mar 30, 2026
- Days on Market:
- 2
- Last Refresh:
- Mar 31 at 2:06 pm
Property Features for 504 Springfield Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed Use
- Rooms
- Basement
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 4,700 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- TaxYear
- 2024
- TaxAnnualAmount
- 10713
Utilities
- Heating system
- Baseboard, Forced Air, Hot Water (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1947
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Linoleum, Vinyl
- Building materials
- Block, Brick
- Roof type
- Flat
- Architectural style
- Other
Listing agent TINA REBIMBAS TORRES (908) 688-2828
Listing office RE/MAX LIFETIME REALTORS 605 CHESTNUT ST., Union, NJ (908) 688-2828
Listing date Mar 30, 2026
MLS# 4017527
Listing URL
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mixed-Use Building in Newark City
This mixed-use building in Newark City, NJ, presents commercial and residential income opportunities. The property, situated on a 24x105 lot, features a first-floor retail unit previously used as a pharmacy, suitable for various businesses. The second and third floors each contain large residential apartments with three bedrooms, with the potential for a fourth, and one bathroom. These units have high ceilings, generous layouts, and front and rear stair access. Separate utilities are in place. Building upgrades, including updated electrical systems and central air, were completed in 2006. The unfinished basement offers storage space. The property is being sold as-is, offering an opportunity for an investor or owner-occupant to add value and maximize income. The store has a rent potential of $2,500 - $3,000. The total area is approximately 4,700 sq ft, with the basement measuring 1,229 sq ft, the retail floor 1,099 sq ft, and the 2nd and 3rd floor units each 1,184 sq ft. The annual income potential is approximately $100,000 - $110,000.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Bestcare Pharmacy
Pharmacy
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.20265
- Latitude
- 40.73182
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with commercial and residential income potential.
Where is this mixed-use property located?
The property is located at 504 Springfield Ave Newark, NJ.
What is the asking price?
The asking price for this property is $649,999.
What are key features of this property?
This property features: Mixed‑use building with commercial and residential income potential.; Potential annual income of $100,000 - $110,000 (+/-).; Large residential apartments on the 2nd and 3rd floors, each with 3 (potential for 4) bedrooms.
