8 unit apartment building situated in downtown Salem City. Situated on W Broadway, next to the historic Salem Oak Diner. Building is comprised of (5) large one bedroom one bath apartments. The remaining 3 units are studios. Seven of the eight units are occupied. Annual Gross Income: $74, 640 Owner pays: taxes, insurance, lawn care, trash removal, heat, hot water, & water sewer along with studio electric. Tenant's of the one bedrooms pay their own electric.
MAJOR PRICE REDUCTION with this incredible opportunity to obtain a property that seems to offer limitless possibilities. Over 4,000 square-feet of space that could operate as one massive space or multiple businesses. Open space on the 1st floor that could be significant retail. Multiple offices on the 2nd floor could operate as medical space, financial networks, accounting. Previously occupied by a non-profit organization this space speaks to many different governmental uses, doctor's office, businesses who meet with clients in person. Alternatively, there are residential considerations with buyers obtaining approval from the City of Salem. Open your mind to what could be a thriving situation. Multiple new businesses in the area could partner with you for yours. Contact us to speak with experienced agents with strong commercial lending contacts.
Great investment opportunity. Total of 6 apartments. 1 one bedroom unit, 1 two bedroom unit, 3 three bedroom units and 1 four bedroom unit. Each with 1 full bath. 4 units are rented. 4 units have been recently renovated. Owner pays for water/sewer ($1,441.48 per yr), trash, heat and hot water. Tenants pay separate electric.
Attention Investors! Rare opportunity to own a large commercial space in the heart of Salem. This blank slate is ready to fit out to accommodate your needs. Easy to show.
***New Price***141 W. Broadway in downtown Salem, New Jersey is a 3-unit, end-unit mixed-use property consisting of one commercial space and two spacious two-bedroom apartments upstairs. The main-level storefront is currently occupied (and has an annual lease. The second and third floor are also occupied; however, the third floor pictures are shown when it was vacant. 141 W. Broadway is located minutes away from the Delaware Memorial Bridge and is convenient to major shopping areas, transportation routes and popular vacation destinations in Pennsylvania, New Jersey and Delaware. Seller has never lived at the property and will not make any repairs to the property. Disclosures upon request. Take advantage of increasing your portfolio as well as your income. Schedule your appointment today!
Salem Oak Diner – Iconic Silk City Diner – Turnkey Business! Corner of West Broadway and Oak Street in the Historic District. Step back in time and own a true American original! The Salem Oak Diner, one of the last remaining Silk City Diners, is now offered for sale—building, business, and equipment included. Located directly across from the historic Salem Oak Tree and nestled in the heart of Salem City, which is celebrating its 350th anniversary, this classic Art Deco diner features timeless stainless-steel siding, retro lines, and original neon signage (non-functioning, preserved for character). PROPERTY HIGHLIGHTS – Authentic Silk City Diner, Rare vintage model built in the early 1950’s. Iconic Architecture – Sleek metal façade, curved glass windows, and original tiled floors. Interior Capacity – Seats 80; 8 four-top booth + 10 stools at the main counter (newly upholstered). 2 six-top booth + separate dining room with 8 four-top tables. Original Features – AMI booth jukeboxes (non-functioning), retro counters, and Art Deco details throughout. TURNKEY OPPORTUNITY – Full commercial kitchen with all equipment included in the sale. Layout and infrastructure support daily food service or specialty concepts. Ideal for breakfast/lunch/dinner/late night operation, themed pop-up, or restored retro dining experience. Prime CORNER Location across from the landmark Salem Oak Tree site, offering historical significance and foot traffic. Down the street from the Courthouse. Situated within an active revitalization zone—a great opportunity to join Salem City’s growing downtown resurgence. Own a piece of Americana whether you’re a nostalgic entrepreneur, restauranteur, or investor looking for a heritage-rich, income producing asset, the Salem Oak Diner is a rare and remarkable find. With its unmatched character, strong local identity and turnkey readiness! Serious inquiries only.
**Prime Office Space for Rent on Bustling Highway, Ideal Proximity to Hospital and Public Transport** Discover a remarkable opportunity for your business at our conveniently located office space available for rent. Situated along a vibrant and high-traffic highway, this office offers unparalleled visibility, ensuring your business gets the exposure it deserves. Maybe able to divide into a smaller space. Strategically positioned in close proximity to a prominent hospital, this office space is not only convenient for your employees but also offers a valuable advantage for businesses in the medical and healthcare sectors. Quick access to medical facilities ensures peace of mind for your team and clients alike. With a blend of convenience, visibility, and accessibility, this office space presents an exceptional opportunity for your business to thrive in a dynamic and strategic environment. Zoned commercial so possibilities are endless. Don't miss the chance to secure your spot in this prime location – inquire now to experience the benefits firsthand. Beware no utilities, dust and debris present.
Attention Investors! Check out this 3100 +/- sf stand along building with open layout, 2 restrooms and offices situated on 1.62 +/- acres. The property is located in the M-1 (Light Manufacturing) zoning district with gas heat, public water and sewer. Some permitted uses include retail store, restaurant, cafe, professional office, private school, personal service shops, manufacturing of clothing, beverages, medical/dental products and more.... Property includes block 10 lots 1.02 & 35. Invest in your future today.
The building is a two story brick school facility. It consists of 11 rooms, 4 restrooms, office and boiler room. Currently, the subject site has 38,700 SF of land area. The owner will submit for approval of a subdivision once a buyer is obtained. Subsequent to the proposed subdivision, the new subject parcel would include only the school and parking lot (22,521 SF). Seller requests limited shared use of parking on Sundays and certain special days. Subject is located in Flood Zone X an area that is determined to be outside the 100 and 500 year floodplains. Property Type Special Purpose Design; Single-Tenant; Owner-Occupied; Number of Buildings 1; Number of Stories 2; Net Rentable Area (NRA) 6,325 SF; Gross Building Area (GBA) 6,325 SF; Floor Plate 3,163 SF; Site Coverage Ratio 14.0%; Land to Building Ratio 3.6:1; Parking 24 (Surface) 3.8/1,000 SF NRA; Year Built 1952; Quality Average; Condition Average; Basic Construction Concrete block; Foundation Poured concrete slab; Framing Concrete Block; Exterior Walls Brick; Roof slight pitch tar and gravel; Insulation Assumed to be standard and to code for both walls and ceilings; Heating Gas fired boiler with radiant heat system; Air Conditioning Window units; Lighting Fluorescent and Incandescent; Interior Walls Drywall/ concrete block; Electrical commercial phases; Ceilings Acoustical tile and drywall; Windows Glass in aluminum frames; Doors Metal doors with glass in metal frame. Subject is presently tax exempt. The current tax value for all buildings on the site is as follows: Exempt Total Asmt: $377,500; Total Land Asmt: $177,600; Total Bldg. Asmt: $199,900; Total Asmt: $377,500; Exempt Land Asmt: $177,600. Assuming a buyer would use the property for some non-tax exempt purpose and the post subdivision total assessment would be $200,000 the estimated real estate tax would be $14,138.
Salem is located in New Jersey. Salem, New Jersey has a population of 5,237. Salem is less family-centric than the surrounding county with 14.63% of the households containing married families with children. The county average for households married with children is 25.35%.
The median household income in Salem, New Jersey is $26,667. The median household income for the surrounding county is $67,898 compared to the national median of $69,021. The median age of people living in Salem is 32.5 years.
The average high temperature in July is 86.3 degrees, with an average low temperature in January of 24.4 degrees. The average rainfall is approximately 44.9 inches per year, with 16.6 inches of snow per year.
