504 Springfield Ave Newark, NJ 07103

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.