504 Springfield Ave Newark, NJ 7103
Mixed-use building featuring retail space and residential apartments.
Type:Commercial
Property size:
4,700 SFLot size:
0.06 Acres- Added:
- Mar 31, 2026
- Days on Market:
- 17
- Last Refresh:
- Mar 31 at 4:32 am
Property Features for 504 Springfield Ave
General Information
- Standard status
- Active
- Size
- 4,700 SF
- Lot size
- 0.06 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1947
Listing agent TINA REBIMBAS TORRES
Listing office RE/MAX LIFETIME REALTORS (908) 688-2828
Listing date Mar 31, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX LIFETIME REALTORS
Overview
Mixed-Use Building with Income Potential
This mixed-use building offers both commercial and residential income opportunities. The first floor features a retail unit previously occupied by a pharmacy, suitable for various potential businesses. The 2nd and 3rd floors each contain large, residential apartments with 3 bedrooms, with the potential for 4, and 1 bathroom. One bedroom in each unit does not include a closet. These units feature high ceilings, generous layouts, and front and rear stair access. Separate utilities are in place. Building upgrades were completed in 2006, including updated electrical systems and central air. The unfinished basement offers storage space. The property is being sold as-is, presenting an opportunity for an investor or owner-occupant to add value and maximize income. The store rent potential is $2,500 - $3,000. The total square footage is approximately 4,700 sq ft. The basement is 1,229 sq ft, the retail floor is 1,099 sq ft, the 2nd floor unit is 1,184 sqft, and the 3rd floor unit is 1,184 sq ft. The lot size is 24x105. Taxes are $10,713. The bike score is 50, indicating it is bikeable. The walk score is 69, indicating it is somewhat walkable. The transit score is 61, indicating good transit.
Location Intelligence
Current Use by Public Records
Bestcare Pharmacy
Pharmacy
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2026974
- Latitude
- 40.7319522
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use building featuring retail space and residential apartments.
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 offering both commercial and residential income streams.; High income potential: Potential Annual Income $100,000 -$110,000(+/-).; Large residential apartments on the 2nd and 3rd floors, each with 3 (potentially 4) bedrooms.
