Skip To Content

31 Oak Street

SALEM, NJ 08079
  • $280,000
  • STATUS: Active
  • ON SITE: 465 Days
  • ID#: NJSA141818
UPDATED: 7 min ago
$280,000
  • 0
    BEDS
  • 0.52
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1940
County:

School Information

Middle School:
High School:
School District:

Description

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 1953; 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.

Monthly Payment Calculator



©2022 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 LoCoMusings | Century 21 Redwood Realty. 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: 2022-08-14T23:58:29.773.
www.locomusings.com/homes/116830064
Print Image

31 Oak Street SALEM, NJ 08079

  • Price: $280,000
  • Status: Active
  • On Site: 465 Days
  • Updated: 7 min ago
  • ID#: NJSA141818
0
Beds
0
Baths
0
½ Baths
0.52
Acres
1940
Built
Neighborhood:
Salem City (21713)
County:
Salem
Area:
Salem City (21713)
Middle School:
Salem
High School:
Salem
School District:
Salem City Schools
Property Description
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 1953; 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.
Exterior Features

Construction Materials Other Garage YN No Location Type Urban Lot Features ClearedLevelOther Other Equipment Negotiable Parking Features Paved ParkingPrivateSurfaceUnassigned Parking Types On StreetParking Lot Property Condition Good Riparian Rights YN No Road Responsibility City/County Road Surface Type Black Top Roof Other Soil Types Unknown View Street Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 6325.00 Cooling Window Unit(S) Exclusions To Be Determined Heating Radiant Heating YN Yes Inclusions To Be Determined Net Square Feet 6325.00 Security Features Smoke Detector

Property Features

Acceptable Financing CashConventional Accessibility Features OtherLevel Entry - MainDoors - Lever Handle(S)48"+ Halls Assessment Year 2020 Association YN No Business Type School Central Air YN No Cooling Fuel Electric Cross Street Carpenter Street Electric Circuit BreakersOther Foundation Details Slab Heating Fuel Natural Gas Hot Water Natural Gas Internet Services CableOther Lease Considered YN No Municipality Salem City Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304591651916 Ownership Interest Fee Simple Possession Immediate Property Sub Type Special Purpose Sale Type StandardOther Sewer Public Sewer Tax Annual Amount 0.00 Tax Assessment Amount 0.00 Tax Lot 00028 Transportation Bus Stop Less Than 1 Mile Utilities Above GroundCable TvElectric AvailablePhone AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning R-1 Zoning Description R-1 Single Family Residence And Municipal Building.

Listing courtesy of Bhhs Fox & Roach-Mullica Hill South.


©2022 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 LoCoMusings | Century 21 Redwood Realty. 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: 2022-08-14T23:58:29.773.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304591651916-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304591651916-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304591651916-2.jpg
Logo
LoCoMusings | Century 21 Redwood Realty
540 Fort Evans Road Suite 303
Leesburg VA, 20176