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318-320 E BROADWAY Salem, NJ 08079
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Key Details
Sold Price $220,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 3,985 sqft
Price per Sqft $55
MLS Listing ID NJSA2008056
Sold Date 01/20/25
Originating Board BRIGHT
Year Built 1990
Annual Tax Amount $8,544
Tax Year 2023
Lot Size 10,559 Sqft
Acres 0.24
Lot Dimensions 64.00 x 165.00
Property Description
REDUCED $50,000! Attention Savvy Investors... Looking for a new investment to add to your portfolio? Check out this stand- alone, 1-story commercial building with great, stable rental history. The long-standing tenant, Sherwin Williams has leased the building for decades. The property has been well maintained and offers a current rental income of $32,760 per year. Tenant pays water, sewer, electric, heat and reimburses owner for the majority of the property taxes and insurance. Lease with SW extended thru 9/30/2025.
Sellers motived and said "Make an Offer!"
Location
State NJ
County Salem
Area Salem City (21713)
Zoning R-2
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Concrete, Laminated
Heat Source Oil
Exterior
Garage Spaces 6.0
Utilities Available Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Access N
Roof Type Flat
Street Surface Black Top
Accessibility None
Road Frontage City/County
Total Parking Spaces 6
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Salem City Schools
Others
Tax ID 13-00038-00009
Ownership Fee Simple
SqFt Source Assessor
Security Features Exterior Cameras
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Richard G Warner • Warner Real Estate & Auction Company