Property Attributes
- MLS#NJSA2008056
- TypeCommercial
- CountySALEM
- CitySalem
- AreaSalem City
- Zip08079
- StyleGeneral Retail
- Year Built1990
- Taxes$ 8544
- Price$ 299,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3985
- Lot Size0.24 Acres
Data Source:
Bright MLS
Property Description
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 9/30/2024.
Price History | |
---|---|
6/27/2023 | Listed $329,000 |
2/12/2024 | 10% - $299,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Forced Air |
Cooling | Central A/C |
Utilities | Electric Available,Natural Gas Available,Phone Available,Sewer Available,Water Available |
Possession | Settlement |
Roof | Flat |
Zoning | R-2 |
Security Features | Exterior Cameras |
Construction Materials | Block,Brick |
Year Built | 1990 |
Property SubType | Retail |
Tax Year | 2023 |
Percent Ownership | Fee Simple |
Cool Fuel | Electric |
Gross Income | 32760.00 |
Business Type | Other/General Retail,Other |
Accessibility | None |
County | SALEM |
New Construction | No |
Property Type | Commercial Sale |
Possible Use | Commercial,Retail,Special Purpose,Wholesale,Other |
Water Access Y/N | No |
Property Use | Investment |
Transportation | Bus Stop less than 1 mile |
Status | ACTIVE |
Directions | Route 45 South into Salem,make (L) on Broadway,PIQ will be on your left |
ModificationTimestamp | 2024-03-30T01:41:20 |
City | SALEM |
Buyer Agent Compensation | 3 |
MLS Area | Salem City (21713) |
Lot Size Square Feet | 10559.00 |
Tax Assessed Value | 108700.0 |
Waterfront Y/N | No |
Street Name | BROADWAY |
Tax Annual Amount | 8544.0 |
Property Condition | Good |
Price Per Sq Ft | 75.03 |
Acceptable Financing | Cash,Conventional |
Historic Y/N | No |
Lease Considered Y/N | No |
Vacation Rental Y/N | No |
Days on Market | 264 |
Location Type | Downtown |
Standard Status | Active |
Year Built Source | Assessor |
Tax Lot | 00009 |
Total Actual Rent | 32760.00 |
Buyer Agent Compensation Type | % Of Gross |
Association Recreation Fee | No |
Interior Features
Heating Fuel | Oil |
---|---|
Flooring | Concrete,Laminated |
Hot Water | Electric |
Heating Y/N | Yes |
Central Air Y/N | Yes |
Total Restrooms | 1 |
Exterior Features
Parking Features | Paved Parking,Private |
---|---|
Water Source | Public |
Total Parking Spaces | 6 |
Type of Parking | Parking Lot,On Street |
Traffic Count | 5000-9999 |
Water View Y/N | No |
Building Area Total | 3985.00 |
Lot Dimensions | 64.00 x 165.00 |
Lot Size Acres | 0.24 |
Road Surface Type | Black Top |
Lot Size Units | Square Feet |
Lot Size Source | Assessor |
Road Responsibility | City/County |
Land Assessed Value | 10300.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
Fencing Y/N | No |
LotDimensionsSource | Assessor |
Car Parking Spaces | 6 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool