504 Springfield Ave Newark, NJ $ 649,900
504 Springfield Ave
$ 649,900
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504 Springfield Ave

Newark, NJ, 07103
$ 649,900
Bedrooms-- Baths--

Monthly Estimate*

$ 4,104

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Commercial Property for sale in Newark, NJ

for $649,900 with 3 half baths. The lot size is 0.06.

Mixed-Use Building: Taxes 10,713 Lot 24x105 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.

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Commercial Active

Price

$ 649,900

Half Bath

3

Property Type

Commercial

Taxes

$ 11,265

Style

MixedUse

Lot Size

0.06

Town/City

Newark

County/Region

Essex

MLS | Web ID

4051206

Features
General
Sewer Public Sewer
Construction Brick/Block
Heating 3 Units
Cooling 1 Unit Central Air
Utilities Electric Gas-Natural
Possession ASAP
Roof Flat
Zoning Mix Use
Garage Spaces 0
Year Built 9999
Tenant Pays Electric Gas
Township Newark City
Property Type Mixed Use See Remarks MixedUse
Tax Year 2025
Ownership Fee Simple
Location Business District
County Essex
Status Active
Directions Near Home Depot on Springfield Ave
Number Of Units Total 3
Tax Annual Amount 11265
Drive On-Street Parking
Leasable Area 0
Standard Status Active
Tax Assessed Value 281700
Town # 1614
Tax Lot 12
Farm Assessment No
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Interior
Basement Bilco-Style Door Full Unfinished
Flooring Carpeting Vinyl-Linoleum
Fuel Type Gas-Natural
Total Stories 3
Half Baths 3
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Exterior
Lot Features Level Lot
Water Source Public Water
Exterior Description See Remarks
Building Area Total 0
Lot Dimensions 24.3X105
Lot Size Acres 0.06
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* Excluded Features
List By
TINA REBIMBAS TORRES

Listing Agent

Re/Max Lifetime Realtors

Broker

brokertinatorres@gmail.com

Email

Affordability Calculator

$5,042
Per Month
81%
19%
0%
Monthly Principal & Interest
$4,104
Monthly Property Taxes
$939
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/8/2026$649,900 Listed Price

Map


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504 Springfield Ave, Newark, NJ, 07103 is a Commercial Property for sale at $649,900 with a lot size of 0.06. The property's zip code is 07103 which is in Newark, NJ