504 Springfield Ave, Newark City, Essex 07103-2021

Mixed-Use Building: Taxes 10, 713 Lot 24×105 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 -$110, 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.