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443 E BROADWAYPending

Salem, NJ 08079

0

1200000-100.0%

-1Bed

-1Bath

-1SqFt


UPDATED

 

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

School data provided by GreatSchools for your convenience. Please contact schools directly for enrollment eligibility.

PROPERTY HISTORY

Date Event Price Source

    Neighborhood Demographic

    Sam Lepore Keller Williams

    Sam Lepore

    Agent | License ID: 0791411

    8562976827

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