196-198 E BROADWAY, SALEM, NJ 08079
196-198 E BROADWAY, SALEM, NJ 08079
$600,000
Sq. Ft.: 8,770
Type: Commercial
Listing #NJSA2011386
Listing Courtesy of: Coldwell Banker Excel Realty (856) 696-1111
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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 floorWelcome 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: Coldwell Banker Excel Realty (856) 696-1111
Property Features
County: SALEM
Municipality: SALEM CITY
Latitude: 39.57165
Longitude: -75.46571
MLS Area: Salem City (21713)
Heating: Baseboard - Electric
Heating Fuel: Electric
Cooling: None
Is New Construction: No
Septic or Sewer: Public Sewer
Water: Public
Lot Size in Acres: 0.11
Commercial/Industrial Type: Apartment Building, Other
Approximate Net Sq. Ft.: 8,770
ListDate: 2024-07-12 00:00:00.0
Property SubType: Commercial Sale
Year Built: 1940
Status: Active
Tax Year: 2023
Tax Amount: $13,741
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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Rivera Realty participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Rivera Realty are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Rivera Realty participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Rivera Realty are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information Deemed Reliable But Not Guaranteed.
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