Property

Salem, NJ 08079 196 E Broadway

196 E Broadway Salem, NJ - Image 1196 E Broadway Salem, NJ - Image 2196 E Broadway Salem, NJ - Image 3
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Presented By: Coldwell Banker Realty
  • MLS# NJSA2014078
  • 03/06/2025
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Home Details

MUST HAVE MIXED USE PRE APPROVAL WITH OFFER!!! Mixed-Use Investment Opportunity 6 residential units 2 commercial **MOTIVATED SELLER **. 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.
Presented By: Coldwell Banker Realty

Interior Features for 196 E Broadway

Other Interior Features

Central Air Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 196 E Broadway

Accessibility2+ Access Exits
Association Recreation FeeN
Availability Date2025-03-06
Business TypeOther
CitySALEM
Construction MaterialsBrick
CoolingNone
CountySALEM
Current UseVacant
Directions196 e broadway salem nj
HeatingBaseboard - Electric
Leasable Area5000
Lot Size Square Feet4587.00
Lot Size UnitsSquare Feet
MLS AreaSalem City (21713)
ModificationTimestamp2025-05-02T20:36:20
MunicipalitySALEM CITY
New ConstructionNo
Ok to LeaseMore Than 60 Months
Price Per Sq Ft Total AG120.0
Property SubtypeRetail
Property TypeCommercial Lease
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1940
Year Built SourceEstimated
ZoningMIXED

Exterior for 196 E Broadway

Car Parking Spaces
Lot Dimensions35.00 x 131.00
Lot Size Acres0.11
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street, Other
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Charles Torres

Owner
Price $600,000
MLS#NJSA2014078
List Date 03/06/2025
Property Type Commercial
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