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 | 230 |
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