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36 Market Street

SALEM, NJ 08079
  • $499,000
  • STATUS: Active
  • ON SITE: 250 Days
  • ID#: NJSA2008768
$499,000
  • 0
    BEDS
  • 1.7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1960
County:

School Ratings & Info

School District:

Description

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!

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-21T23:52:54.187.
www.rowackrealestateteam.com/homes/143381894
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36 Market Street SALEM, NJ 08079

  • Price: $499,000
  • Status: Active
  • On Site: 250 Days
  • ID#: NJSA2008768
0
Beds
0
Baths
0
½ Baths
1.7
Acres
1960
Built
Neighborhood:
Salem City (21713)
County:
Salem
Area:
Salem City (21713)
School District:
Salem City Schools
Property Description
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!
Exterior Features

Construction Materials Block Garage YN No Location Type Free Standing Lot Features Level Parking Features PrivatePaved Parking Parking Types Parking LotDriveway Property Condition Average Road Responsibility City/County Road Surface Type Black Top Roof FlatShinglePitched Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 18227.00 Cooling Central A/CCeiling Fan(s)Wall Unit Exclusions tenant's personal property Flooring Partially CarpetedConcreteVinyl Heating Hot WaterForced AirRadiant Heating YN Yes Net Square Feet 18227.00 Security Features MonitoredSecurity System

Property Features

Acceptable Financing CashConventionalExchange Accessibility Features None Central Air YN Yes Cooling Fuel Electric Cross Street GRANT Gross Income 59000.00 Heating Fuel OilNatural Gas Hot Water Electric Lease Considered YN No Municipality SALEM CITY Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 802599884348 Ownership Interest Fee Simple Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 19746.00 Tax Lot 00009 Total Actual Rent 59000.00 Transportation Bus Stop less than 1 mile Utilities Electric AvailableNatural Gas AvailableCable TV AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning RLC Zoning Description Residential Limited Commercial

Listing courtesy of Warner Real Estate & Auction Company: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-05-21T23:52:54.187.
 
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eXp Realty LLC
28 Valley Rd Suite #1
Montclair NJ, 07042