Bought with Richard G Warner • Warner Real Estate & Auction Company
$300,000
$399,900
25.0%For more information regarding the value of a property, please contact us for a free consultation.
18,227 SqFt
SOLD DATE : 04/15/2025
Key Details
Sold Price $300,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 18,227 sqft
Price per Sqft $16
MLS Listing ID NJSA2008768
Sold Date 04/15/25
Originating Board BRIGHT
Year Built 1960
Annual Tax Amount $19,746
Tax Year 2023
Lot Size 1.700 Acres
Acres 1.7
Lot Dimensions 0.00 x 0.00
Property Sub-Type Retail
Property Description
JUST REDUCED $75,000! Attention Savvy Investors... Check out this rare-find property with (3) commercial buildings situated on about 1.7 +/- acres in Salem City. All three buildings are rented to long -standing tenants and the total rental income is nearly $59,000 per year. The main building is currently used as an Antique Mall/Consignment retail store and is approximately 11,403 +/- sf. This building has an alarm system and monitored fire alarm system. The second building is a block building (1824 +/- sf) with overhead doors, 3-phase electric and is currently used as a machine shop. The rear building is a block building (5000 +/-sf) and is currently used as a print shop with an open layout and offices. The monthly rental income is $1800.00 (Antique Mall/Consignment Store), $700.00 (Machine Shop) and $2416.66 for the print shop. "Don't wait for the right opportunity: create it." Invest in Your Future Today!
Location
State NJ
County Salem
Area Salem City (21713)
Zoning RLC
Interior
Hot Water Electric
Heating Hot Water, Forced Air, Radiant
Cooling Central A/C, Ceiling Fan(s), Wall Unit
Flooring Partially Carpeted, Concrete, Vinyl
Heat Source Oil, Natural Gas
Exterior
Garage Spaces 10.0
Utilities Available Electric Available, Natural Gas Available, Cable TV Available, Sewer Available, Water Available
Water Access N
Roof Type Flat,Shingle,Pitched
Street Surface Black Top
Accessibility None
Road Frontage City/County
Total Parking Spaces 10
Garage N
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Salem City Schools
Others
Tax ID 13-00016-00009
Ownership Fee Simple
SqFt Source Assessor
Security Features Monitored,Security System
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Financing Cash,Conventional,Exchange
Special Listing Condition Standard
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