196-198 E BROADWAY, Salem, NJ 08079
196-198 E BROADWAY, Salem, NJ 08079
196-198 E BROADWAY, Salem, NJ 08079
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Graceann Tinney

Graceann Tinney

+1(267) 373-8244
Listed by jennifer Derevlany • Coldwell Banker Realty
$598,000
Est. payment /mo
1 Bath
8,770 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,770 sqft

Price per Sqft $68

Subdivision None Available

MLS Listing ID NJSA2014196

Style Other

Full Baths 1

HOA Y/N N

Abv Grd Liv Area 8,770

Year Built 1940

Annual Tax Amount $13,741

Tax Year 2023

Lot Size 4,587 Sqft

Acres 0.11

Lot Dimensions 35.00 x 131.00

Source BRIGHT

Property Description

Mixed-Use Investment Opportunity
6 residential units 2 commercial
**MOTIVATED SELLER **.
MUST HAVE MIXED USE PRE APPROVAL WITH OFFER

196-198 E. Broadway, Salem, New Jersey

*Six spacious residential apartments ( Rents below market)
*Two large commercial stores on the ground floor


Welcome 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.

Location

State NJ

County Salem

Area Salem City (21713)

Zoning MIXED

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Heat Source Electric

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Private Pool No

Building

Story 2

Above Ground Finished SqFt 8770

Sewer Public Sewer

Water Public

Architectural Style Other

Level or Stories 2

Additional Building Above Grade

New Construction N

Schools

School District Salem City Schools

Others

Senior Community No

Tax ID 13-00027-00013

Ownership Fee Simple

SqFt Source 8770

Special Listing Condition Standard

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Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

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Graceann Tinney

Graceann Tinney

Agent RSRS344523

+1(267) 373-8244

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196-198 E BROADWAY

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