
The Donna Watson Team/ Remax Twin Counties
115 N. Washington Street
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3024224271443 E BROADWAYSalem, NJ 08079PendingVirtual TourSave
-1BD
-1BA
-1SqFt
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Pending
Purchase Type For Sale
Lot Size 6.510 Acres
Year Built 1990
MLS Listing ID NJSA136904
Total Units 6
Short Sale No
HOA Y/N N
Originating MLS BRIGHT
Property Description
Great News... Seller successful with tax appeal resulting in a $1.55 million dollar reduction in assessed value and over $100,000 per year is property tax savings! Attention Investors - Take a good look at this Value Add Opportunity of a 42,252 +/- square foot Neighborhood Shopping Center on 6.52 +/- acres with 602' frontage on Broadway (Route 49) and current tenants including TD Bank, Dollar Tree, Cell Talk and Ella's Mama Mia Restaurant. Approximately 25,000 +/- of leasable space available, 2 loading docks in the anchor space and 550 parking spaces available. The property is currently 40% occupied by four (4) tenants ranging in size from 3007 sf to 7819 sf. Current owner has recently invested $150,000 in improvements including new LED outside lighting, special roof coating and parking lot improvements. Rent roll available with signed Non-Disclosure Agreement. Salem City is a New Jersey Tax Opportunity Zone.
Location
State NJ
County Salem
Area Salem City (21713)
Zoning C2
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Carpet
Heat Source Natural Gas
Exterior
Garage Spaces 500.0
Utilities Available Electric Available,Natural Gas Available,Sewer Available,Water Available
Waterfront N
Water Access N
Roof Type Flat
Accessibility None
Road Frontage State
Parking Type Parking Lot
Total Parking Spaces 500
Garage N
Building
Foundation Block
Lot Dimensions 602 x 400
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Salem City Schools
Others
Tax Amount $91,897
Tax Year 2020
Tax ID 13-00073-00001 01
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional
Special Sale REO (Real Estate Owned)
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Listing provided by Warner Real Estate & Auction Company
Nearby School & Properties
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Neighborhood Demographic
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