196-198 E BROADWAY Active Save Request In-Person Tour Request Virtual Tour
Salem,NJ 08079
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 8,770 sqft
Price per Sqft $68
MLS Listing ID NJSA2011386
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $13,741
Tax Year 2023
Lot Size 4,587 Sqft
Acres 0.11
Lot Dimensions 35.00 x 131.00
Property Description
Mixed-Use Investment Opportunity
6 residential units 2 commercial
**MOTIVATED SELLER **.
196-198 E. Broadway, Salem, New Jersey
*Six spacious residential apartments ( Rents below market)
*Two large commercial stores on the ground floor
Welcome to 196-198 E. Broadway, Salem, New Jersey – a prime investment opportunity!
This mixed-use property boasts approximately 8,870 square feet, featuring six residential apartments and two large commercial stores on the ground floor. Situated in the heart of Salem City, this property offers the perfect blend of residential comfort and commercial potential.
The residential units are spacious, providing comfortable living spaces, while the commercial stores offer a great opportunity for retail businesses, offices, or service providers. The property's central location ensures easy access to everything, making it a highly attractive option for both tenants and business owners.
This property is ideal for investors looking to expand their portfolio with a mixed-use building that promises steady rental income from both residential and commercial tenants. Its prime location and versatile use make it a valuable asset in the real estate market.
Don't miss out on this fantastic investment opportunity in Salem City, New Jersey.
Location
State NJ
County Salem
Area Salem City (21713)
Zoning MIXED
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Garage Spaces 20.0
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Salem City Schools
Others
Tax ID 13-00027-00013
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard