Commercial Sale for sale in Salem, New Jersey, NJSA2005106

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134 W Broadway,

Salem, New Jersey NJ08079-1322

Listing IDNJSA2005106

Price$150,000

Price/SqFt$27.27

StatusACTIVE

SqFt 5,500

Acres 0.130

CountySalem

Year Built1940

Property TypeCommercial Sale

Property Sub TypeMixed Use

Investor Alert! Seller made some recent updates that includes replacing some damaged wood and will be black topping the rear of the building, and fresh exterior paint. Sale also includes both Block 13 lots 43 &60, that is the building lot and the rear lot. Don't let this property slip through your hands. Property is being SOLD IN STRICTLY AS IS CONDITION. 136 2nd floor is currently a 1 BR apartment recently with a new tenant in a one year lease to end 12/1/2022 and rents for approximately $900.00 monthly and 1st floor has been updated into an entertainment room, and is currently vacant. 134 1st floor is being rented for $750 month. The tenant has a 5yr lease and is a little more than 2yrs into it. If you want a building with lots of potential this is the perfect building for you. Tenants pay for all utilities, owner pays water, sewer and taxes.

Primary Features

County Salem

Price/SqFt 27.27

Property Sub Type Mixed Use

Property Type Commercial Sale

Year Built 1940

Zoning COMMERCIAL

Interior

Building Total SqFt Source Estimated

Central Air yes

Cooling Type Central A/C

Flooring Type Concrete, Laminated

Heating yes

Heating Type 90% Forced Air

External

Car Parking Spaces 4

Construction Materials Brick, Brick Front, Copper Plumbing, Mixed

Cooling Fuel Electric

Heating Fuel Natural Gas

Hot Water Electric

Lot Dimensions Source Estimated

Lot Size Dimensions 39x140

Lot Size Source Estimated

Lot Size Units Square Feet

Navigable Water no

New Construction no

Roof Asphalt

Sewer Septic Public Sewer

Tidal Water no

Total Garage and Parking Spaces 4

Type of Parking On Street, Other

Water Access no

Water Oriented no

Water Source Public

Water View no

Location

Country US

MLS Area Salem City (21713)

Municipality SALEM CITY

Waterfront no

Additional

Accessibility Features 2+ Access Exits

Business Type Apartment Building, Hair Salon and Spa, Medical, Professional

Days on Market 48

Historic no

Potential Tenancy Multiple

Property Condition Good

Property Manager Y

Year Assessed 2022

Year Built Source Estimated

Financial

Acceptable Financing Cash, Conventional

Association Recreation Fee N

Automatically Update Tax Values yes

Exclusions All items considered tenants personal property

Ground Rent Exists no

Inclusions All items not considered tenants personal property

Lease Considered no

Net SqFt 5500

Ownership Interest Fee Simple

Possession Settlement

Riparian Rights no

Sale Type Standard

Tax Annual Amount 556

Tax Assessed Value 7400

Tax Data Updated yes

Tax Lot 43

Tax Year 2022

Vacation Rental no

Zoning Info

Listing courtesy of Exit Homestead Realty Professi 8564699200

© 2023 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Exit Homestead Realty Professi. Data last updated on Thursday, March 23rd, 2023 04:06:13 PM.