196 E Broadway
Salem, NJ 08079
- – beds
- – baths
- 8,770 sqft
- 4,587 sqft lot
- $68 per sqft
- 1940 build
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.
Listing courtesy of BRIGHT / Coldwell Banker Excel Realty
Last checked:
Checking…
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Last updated Oct 17, 2024
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MLS# NJSA2011762 —
The Building
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Year Built:1940
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Brick
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Structure Type:Over Storefront
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Architectural Style:Other
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Building Units Total:4
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Accessibility Features:2+ Access Exits
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Basement:No
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Total SqFt Source:Estimated
Interior
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:8770
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Living Area SqFt:8,770 Sqft
Financial & Terms
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Sale Type:Standard
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Possession:31-60 Days CD
Location
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Directions:196 e broadway salem nj
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Latitude:39.57165000
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Longitude:-75.46571000
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Lot Size Units:Square Feet
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Lot Size Acres:0.11
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Lot Size Source:Estimated
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Lot Size Dimensions:35.00 x 131.00
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Lot Dimensions Source:Estimated
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Lot SqFt:4,587 Sqft
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Zoning:MIXED
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Other Structures:Above Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (856) 466-1388
- Office phone:
- (856) 696-1111
Taxes
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Tax ID Number:13-00027-00013
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Tax Year:2023
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Tax Lot:00013
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Tax Annual Amount:$13,741
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Tax Assessed Value:$174,800
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Year Assessed:2023
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Baseboard - Electric
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Schools
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School District Name:Salem City Schools
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School District Source:Listing Agent
The Community
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Pool:No Pool
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Association Recreation Fee:No
Parking
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Garage:No
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Type of Parking:On Street, Other
Extra Units
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Vacation Rental:No
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Two Bedroom Units:6
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/31/24
Jul 31, 2024
|
Listed / Active | BRIGHT | $600,000 |