Newark Mixed-Use Investment
504 Springfield Ave, Newark, NJ 07103
- Added:
- Mar 30, 2026
- Days on Market:
- 50
- Last Refresh:
- May 18 at 4:06 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
- Pending
- Size
- 4,700 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 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.
HighLights
- Mixed‑use building with commercial and residential income potential.
- High potential annual income ($100,000 - $110,000 +/-).
- Updated electrical systems, central air, and hot water baseboard heating (completed in 2006).
- First‑floor retail unit suitable for various businesses (previously a pharmacy).
- Large 2nd and 3rd‑floor residential apartments (3 or potential for 4 bedrooms).
- Separate utilities for each unit.
Overview
This mixed-use building in Newark City, NJ, presents commercial and residential income opportunities. The property, with a lot size of 0.06 acres, features a first-floor retail unit, previously a pharmacy, suitable for various businesses. The second and third floors each contain large residential apartments with three bedrooms, potentially four, and one bathroom. Note that some bedrooms lack closets. These units feature high ceilings, generous layouts, and both front and rear stair access. The building has separate utilities and an unfinished basement with a bilco door. Upgrades were completed in 2006, including updated electrical systems, central air, and hot water baseboard heating. The property is sold as-is, offering an opportunity for value addition and income maximization. The retail space has a potential rent of $2,500 to $3,000. The total area is approximately 4,700 sq ft, with the basement at 1,229 sq ft, the retail floor at 1,099 sq ft, and each of the 2nd and 3rd-floor units at 1,184 sq ft. The taxes are $10,713. The lot size is 24x105.
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.; High potential annual income ($100,000 - $110,000 +/-).; Updated electrical systems, central air, and hot water baseboard heating (completed in 2006).
