Views
Listed By:
BHHS Fox & Roach-Mullica Hill South
Address
31 Oak Street, Salem, NJ
Price
$ 280,000
Property Attributes
  • MLS#NJSA141818
  • TypeCommercial
  • CountySALEM
  • CitySalem
  • AreaSalem City
  • Zip08079
  • StyleSchool
  • Price$ 280,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6325
  • Lot Size0.52 Acres
Data Source:
Bright MLS
Property Description

The building is a two story brick school facility. It consists of 11 rooms, 4 restrooms, office and boiler room. Currently, the subject site has 38,700 SF of land area. The owner will submit for approval of a subdivision once a buyer is obtained. Subsequent to the proposed subdivision, the new subject parcel would include only the school and parking lot (22,521 SF). Seller requests limited shared use of parking on Sundays and certain special days. Subject is located in Flood Zone X an area that is determined to be outside the 100 and 500 year floodplains. Property Type Special Purpose Design; Single-Tenant; Owner-Occupied; Number of Buildings 1; Number of Stories 2; Net Rentable Area (NRA) 6,325 SF; Gross Building Area (GBA) 6,325 SF; Floor Plate 3,163 SF; Site Coverage Ratio 14.0%; Land to Building Ratio 3.6:1; Parking 24 (Surface) 3.8/1,000 SF NRA; Year Built 1953; Quality Average; Condition Average; Basic Construction Concrete block; Foundation Poured concrete slab; Framing Concrete Block; Exterior Walls Brick; Roof slight pitch tar and gravel; Insulation Assumed to be standard and to code for both walls and ceilings; Heating Gas fired boiler with radiant heat system; Air Conditioning Window units; Lighting Fluorescent and Incandescent; Interior Walls Drywall/ concrete block; Electrical commercial phases; Ceilings Acoustical tile and drywall; Windows Glass in aluminum frames; Doors Metal doors with glass in metal frame. Subject is presently tax exempt. The current tax value for all buildings on the site is as follows: Exempt Total Asmt: $377,500; Total Land Asmt: $177,600; Total Bldg. Asmt: $199,900; Total Asmt: $377,500; Exempt Land Asmt: $177,600. Assuming a buyer would use the property for some non-tax exempt purpose and the post subdivision total assessment would be $200,000 the estimated real estate tax would be $14,138.

Price History
9/14/2022 Listed $280,000

General Features

Sewer Public Sewer
Heating Radiant
Cooling Window Unit(s)
Utilities Above Ground,Cable TV,Electric Available,Phone Available,Sewer Available,Water Available
Possession Immediate
Roof Other
Zoning R-1
Security Features Smoke Detector
Construction Materials Other
Exclusions TO BE DETERMINED
Year Built 1940
Electric Circuit Breakers,Other
View Street
Property SubType Special Purpose
Tax Year 2020
Percent Ownership Fee Simple
Cool Fuel Electric
Business Type School
Building Name NONE AVAILABLE
Accessibility Other,Level Entry - Main,Doors - Lever Handle(s),48 + Halls
County SALEM
New Construction No
Property Type Commercial Sale
Water Access Y/N No
Property Use Owner User
Transportation Bus Stop less than 1 mile
Status ACTIVE
Directions From NJ-49 & S Hook Rd Pennsville Township,NJ 08070 Head south on NJ-49 E 3.1 mi Turn left onto W Broadway 0.4 mi Turn right onto Oak St PIQ on Right
ModificationTimestamp 2023-10-05T14:58:31
City SALEM
Buyer Agent Compensation 3
Disclosures Other
Zoning Description R-1 Single Family Residence and Municipal Building.
MLS Area Salem City (21713)
Lot Size Square Feet 22500.00
Tax Assessed Value 0.0
Waterfront Y/N No
Street Name OAK
Tax Annual Amount 0.0
Property Condition Good
Price Per Sq Ft 44.27
Acceptable Financing Cash,Conventional
Lease Considered Y/N No
Vacation Rental Y/N No
Days on Market 673
Location Type Urban
Standard Status Active
Year Built Source Assessor
Tax Lot 00028
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee No

Interior Features

Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N No

Exterior Features

Parking Features Paved Parking,Private,Surface,Unassigned
Lot Features Cleared,Level,Other
Water Source Public
Inclusions TO BE DETERMINED
Total Parking Spaces 24
Type of Parking On Street,Parking Lot
Foundation Details Slab
Water View Y/N No
Building Area Total 6325.00
Lot Dimensions 150x150
Lot Size Acres 0.52
Road Surface Type Black Top
Road Frontage Length 150
Lot Size Units Square Feet
Lot Size Source Estimated
Other Equipment Negotiable
Soil Types Unknown
Road Responsibility City/County
Land Assessed Value 0.00
Navigable Water Y/N No
Water Oriented Y/N No
Fencing Y/N No
LotDimensionsSource Estimated
Car Parking Spaces 24

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
$280K
Visits
AVG 134
283
Data Provided by Inside Real Estate®
Year Built
AVG 1956
1940
Walkscore
AVG 35
46
Data Provided by Walkscore® not using MLS data

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