Listed By:
Warner Real Estate & Auction Company
Address
36 Market Street, Salem, NJ
Price
$ 499,000
Property Attributes
  • MLS#NJSA2008768
  • TypeCommercial
  • CountySALEM
  • CitySalem
  • AreaSalem City
  • Zip08079
  • StyleGeneral Retail
  • Year Built1960
  • Taxes$ 19746
  • Price$ 499,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage18227
  • Lot Size1.7 Acres
Data Source:
Bright MLS
Property Description

Attention Savvy Investors... Check out this rare-find property with (3) commercial buildings situated on about 1.7 +/- acres in Salem City. All three buildings are rented to long -standing tenants and the total rental income is nearly $59,000 per year. The main building is currently used as an Antique Mall/Consignment retail store and is approximately 11,403 +/- sf. This building has an alarm system and monitored fire alarm system. The second building is a block building (1824 +/- sf) with overhead doors, 3-phase electric and is currently used as a machine shop. The rear building is a block building (5000 +/-sf) and is currently used as a print shop with an open layout and offices. The monthly rental income is $1800.00 (Antique Mall/Consignment Store), $700.00 (Machine Shop) and $2416.66 for the print shop. "Don't wait for the right opportunity: create it." Invest in Your Future Today!

Price History
9/14/2023 Listed $499,000

General Features

Sewer Public Sewer
Heating Hot Water,Forced Air,Radiant
Cooling Central A/C,Ceiling Fan(s),Wall Unit
Utilities Electric Available,Natural Gas Available,Cable TV Available,Sewer Available,Water Available
Possession 61-90 Days CD
Roof Flat,Shingle,Pitched
Zoning RLC
Security Features Monitored,Security System
Construction Materials Block
Exclusions tenant's personal property
Year Built 1960
Property SubType Retail
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Gross Income 59000.00
Business Type Other/General Retail,Other
Accessibility None
County SALEM
New Construction No
Property Type Commercial Sale
Possible Use Commercial,Flex Space,Investment,Printing,Retail,Special Purpose,Storage Yard,Wholesale,Other
Water Access Y/N No
Transportation Bus Stop less than 1 mile
Status ACTIVE
Directions From Woodstown,Route 45 South toward Salem,PIQ on your left hand side
ModificationTimestamp 2024-03-30T01:40:53
City SALEM
Buyer Agent Compensation 3
Zoning Description Residential Limited Commercial
Total Units 3
MLS Area Salem City (21713)
Lot Size Square Feet 74052.00
Tax Assessed Value 251200.0
Waterfront Y/N No
Street Name MARKET
Tax Annual Amount 19746.0
Property Condition Average
Price Per Sq Ft 27.38
Acceptable Financing Cash,Conventional,Exchange
Lease Considered Y/N No
Vacation Rental Y/N No
Days on Market 216
Location Type Free Standing
Standard Status Active
Year Built Source Assessor
Tax Lot 00009
Total Actual Rent 59000.00
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee No

Interior Features

Heating Fuel Oil,Natural Gas
Flooring Partially Carpeted,Concrete,Vinyl
Hot Water Electric
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N Yes
Total Restrooms 3

Exterior Features

Parking Features Private,Paved Parking
Lot Features Level
Water Source Public
Total Parking Spaces 10
Type of Parking Parking Lot,Driveway
Water View Y/N No
Building Area Total 18227.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 1.70
Road Surface Type Black Top
Lot Size Units Square Feet
Lot Size Source Assessor
Total Loading Docks 1
Road Responsibility City/County
Land Assessed Value 26200.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor
Car Parking Spaces 10

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 08079

Price
AVG $410K
$500K
Taxes
AVG $9,330
$19,746
Visits
AVG 134
148
Data Provided by Inside Real Estate®
Year Built
AVG 1956
1960
Walkscore
AVG 35
40
Data Provided by Walkscore® not using MLS data

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