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318 E Broadway Salem, NJ $ 299,000
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$ 299,000 Get more info
318 E Broadway
$ 299,000
Back to search
Share Save

318 E Broadway

Salem, NJ, 08079
$ 299,000
Baths0.0 Sq 3,985

Monthly Estimate*

$ 1,987

318 E Broadway, Salem, NJ 08079 - Image 1
318 E Broadway, Salem, NJ 08079 - Image 2
318 E Broadway, Salem, NJ 08079 - Image 3
318 E Broadway, Salem, NJ 08079 - Image 4
318 E Broadway, Salem, NJ 08079 - Image 5
318 E Broadway, Salem, NJ 08079 - Image 6
318 E Broadway, Salem, NJ 08079 - Image 7
Studio

Commercial Property for sale in Salem, NJ

for $299,000. This 3,985 square foot building was built in 1990 on a lot size of 0.24.

Attention Savvy Investors... Looking for a new investment to add to your portfolio? Check out this stand- alone, 1-story commercial building with great, stable rental history. The long-standing tenant, Sherwin Williams has leased the building for decades. The property has been well maintained and offers a current rental income of $32,760 per year. Tenant pays water, sewer, electric, heat and reimburses owner for the majority of the property taxes and insurance. Lease with SW extended thru 9/30/2024.

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Commercial Active

Price

$ 299,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 8,544

Style

General Retail

Lot Size

0.24

Year Built

1990

Town/City

Salem

County/Region

Salem

MLS | Web ID

NJSA2008056
Features
Interior
Heating Fuel Oil
Flooring Concrete Laminated
Hot Water Electric
Heating Y/N Y
Central Air Y/N Y
Total Restrooms 1
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General
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Utilities Electric Available Natural Gas Available Phone Available Sewer Available Water Available
Possession Settlement
Roof Flat
Zoning R-2
Security Features Exterior Cameras
Construction Materials Block Brick
Year Built 1990
Property SubType Retail
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality SALEM CITY
Gross Income 32760.00
Business Type Other/General Retail Other
Accessibility None
County SALEM
New Construction N
Property Type Commercial Sale
Possible Use Commercial Retail Special Purpose Wholesale Other
Water Access Y/N N
Status ACTIVE
Directions Route 45 South into Salem make (L) on Broadway PIQ will be on your left
City SALEM
Buyer Agent Compensation 3
Total Units 0
MLS Area Salem City (21713)
Lot Size Square Feet 10559.00
Waterfront Y/N N
Street Name BROADWAY
Tax Annual Amount 8544.0
Property Condition Good
Price Per Sq Ft 75.03
Acceptable Financing Cash Conventional
Historic Y/N N
Lease Considered Y/N N
Vacation Rental Y/N N
Days on Market 264
Location Type Downtown
Standard Status Active
Year Built Source Assessor
Tax Lot 00009
Total Actual Rent 32760.00
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Parking Features Paved Parking Private
Water Source Public
Type of Parking Parking Lot On Street
Water View Y/N N
Building Area Total 3985.00
Lot Dimensions 64.00 x 165.00
Lot Size Acres 0.24
Road Surface Type Black Top
Lot Size Units Square Feet
Lot Size Source Assessor
Road Responsibility City/County
Land Assessed Value 10300.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 318
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* Excluded Features
List By
Warner Real Estate & Auction Company

Broker

rich@warnerrealtors.com

Email

Affordability Calculator

$2,699
Per Month
74%
26%
0%
Monthly Principal & Interest
$1,987
Monthly Property Taxes
$712
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/12/2024$299,000 -9.12% Price Down
6/27/2023$329,000 Listed Price

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318 E Broadway, Salem, NJ, 08079 is a Commercial Property for sale at $299,000 with 3,985 sqft and a lot size of 0.24. 318 E Broadway is a studio with 0.0 baths and was built in 1990. The property's zip code is 08079 which is in Salem, NJ

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