Properties

Description

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. - Owner Financing available -

Features

  • Heating System : 3 Units
  • Cooling System : Central Air, 1 Unit
  • Basement : Full, Unfinished, Bilco-style Door
  • Roof Deck : Flat
  • Furnished : Carpeting, Vinyl-linoleum
  • Lot Description: Level Lot
  • Tax Assessed Valuation: 281700
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural

Additional Info

  • Office Name: RE/MAX LIFETIME REALTORS
  • Office MLS ID: 3838
  • Agent ID: 269046
  • Tax: 11265
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: Mix Use

Commercial For Sale

For Sale
$649,900

504 Springfield Ave, Newark City, *

  • SQFT 24.30 Acre
  • Built Year 9999

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5459033
  • Price: $649,900
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 9999
  • Year Built Description: Unknown
  • Lot Area: 24.30 Acre
  • Status: Active
  • Days On Market: 20

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Springfield Ave
  • Street Number: 504
  • Street Direction: Near Home Depot on Springfield Ave
  • Floor Number: 0
  • Longitude: W75° 47' 50.5''
  • Latitude: N40° 43' 54.6''
  • Internet Display Address: No
Property