Listing Details

504 Springfield Ave,Newark City, NJ 07103-2021

  • December 7, 2025

Description

Mixed-Use Building: This well-maintained mixed-use property offers both commercial and residential income opportunities. The first floor features a spacious retail unit previously occupied by a pharmacy. The new owner will need to verify allowable uses with the town, making it an excellent opportunity for a variety of potential businesses. The second and third floors each include large, airy residential apartments featuring 4 bedrooms and 1 bathroom. (Note: one bedroom does not include a closet.) These units offer high ceilings, generous layouts, and both front and rear stair access. With strong rental potential, they provide a great opportunity for steady income. Additional features include: Separate utilities for added convenience Unfinished basement offering storage or future expansion potential. Building upgrades completed in 2006, including updated electrical systems and central air. The property is being sold as-is, presenting a fantastic opportunity for an investor or owner-occupant to add value and maximize income.

Details

Last Updated On: December 7th, 2025 at 6:42 am
Property ID:PT-18588250-AXZR
Offer Type:For Sale
Property Type:Mixed Use
Price: 649,999 $
Year Built:1947

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 24.3X105
Lot Description: Level Lot
Property Type: Mixed Use
Available: Immediately
Lot Identifier: 12

Home Details

Location: Business District
Acreage: 0.06
Sale Includes: Building & Land
Renovated: 2006
Construction: Brick/Block
Exterior Description: Brick/Block
Roof Description: Flat
Number of Stories: 3
Number of Units: 3
Number of Lavatories: 3
Floors: Vinyl-Linoleum
Parking Desc: None, On-Street Parking
Easement/Desc: No
Basmnt/Desc: Yes - Unfinished
Tenant Pays: Electric, Heat
Owner Pays: Sewer, Snow Removal, Trash Removal, Water
YB/Desc: 1947 - Approximate
Block Identifier: 307
County Number: 16
Town Number: 1614
Possession: ASAP

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Documents Available: No Documents Available
Lease Type: Gross
Lease Info: Month-To-Month
Ownership: Fee Simple
Tax ID For Property: 1614-00307-0000-00012-0000-
Tax Amount: $10,713.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2025
Farm Assessment: No
Land Assessment: $52,800.00
Building Assessment: $228,900.00
Total Assessment: $281,700.00

Utilities

Equipment Available: Sign - Roof, Smoke Detector
Heat Source: Gas-Natural
Heat System: 3 Units, Baseboard - Hotwater, Forced Hot Air
Cool System: 1 Unit, Central Air
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural
Services: Garbage Included

Other

Permitted Use: Mixed
Zoning: Mixed Use

Statistics

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