NJ > Salem
Salem, NJ 08079,318-320 E BROADWAY
Salem, NJ 08079,318-320 E BROADWAY
Salem, NJ 08079,318-320 E BROADWAY
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$249,000
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3,985 SqFt
Price Dropped by $50K

318-320 E BROADWAY Salem, NJ 08079

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Britt McLaughlin

Britt McLaughlin

+1(215) 598-2027

UPDATED:

10/31/2024 03:24 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 3,985 sqft

Price per Sqft $62

MLS Listing ID NJSA2008056

Originating Board BRIGHT

Year Built 1990

Annual Tax Amount $8,544

Tax Year 2023

Lot Size 10,559 Sqft

Acres 0.24

Lot Dimensions 64.00 x 165.00

Property Description

REDUCED $50,000! Attention Savvy Investors... Looking for a new investment to add to your portfolio? Check out this stand- alone, 1-story commercial building with great, stable rental history. The long-standing tenant, Sherwin Williams has leased the building for decades. The property has been well maintained and offers a current rental income of $32,760 per year. Tenant pays water, sewer, electric, heat and reimburses owner for the majority of the property taxes and insurance. Lease with SW extended thru 9/30/2025.
Sellers motived and said "Make an Offer!"

Location

State NJ

County Salem

Area Salem City (21713)

Zoning R-2

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Flooring Concrete, Laminated

Heat Source Oil

Exterior

Garage Spaces 6.0

Utilities Available Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Waterfront N

Water Access N

Roof Type Flat

Street Surface Black Top

Accessibility None

Road Frontage City/County

Parking Type Parking Lot, On Street

Total Parking Spaces 6

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Salem City Schools

Others

Tax ID 13-00038-00009

Ownership Fee Simple

SqFt Source Assessor

Security Features Exterior Cameras

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Richard G Warner • Warner Real Estate & Auction Company

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Britt McLaughlin

Team Lead | Realtor | License ID: RS338958

+1(215) 598-2027

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318-320 E BROADWAY