Skip To Content
    Return to Previous Page

    443 E Broadway

    SALEM, NJ 08079
    • $1,200,000
    • STATUS: Active
    • ON SITE: 249 days
    • ID#: NJSA136904
    Foreclosure
    UPDATED: 72 min ago
    $1,200,000
    • 0
      BEDS
    • 6.51
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1990
    County:

    School Ratings & Info

    School District:

    Description

    Great News... Seller successful with tax appeal resulting in a $1.55 million dollar reduction in assessed value and over $100,000 per year is property tax savings! Attention Investors - Take a good look at this Value Add Opportunity of a 42,252 +/- square foot Neighborhood Shopping Center on 6.52 +/- acres with 602' frontage on Broadway (Route 49) and current tenants including TD Bank, Dollar Tree, Cell Talk and Ella's Mama Mia Restaurant. Approximately 25,000 +/- of leasable space available, 2 loading docks in the anchor space and 550 parking spaces available. The property is currently 40% occupied by four (4) tenants ranging in size from 3007 sf to 7819 sf. Current owner has recently invested $150,000 in improvements including new LED outside lighting, special roof coating and parking lot improvements. Rent roll available with signed Non-Disclosure Agreement. Salem City is a New Jersey Tax Opportunity Zone.

    Monthly Payment Calculator



    ©2020 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: 2020-09-26T12:51:07.893.
    www.locomusings.com/homes/102433747
    Print Image

    443 E Broadway SALEM, NJ 08079

    • Price: $1,200,000
    • Status: Active
    • Updated: 72 min ago
    • ID#: NJSA136904
    0
    Beds
    0
    Baths
    0
    ½ Baths
    6.51
    Acres
    1990
    Built
    Neighborhood:
    Salem City (21713)
    County:
    Salem
    Area:
    Salem City (21713)
    School District:
    Salem City Schools
    Property Description
    Great News... Seller successful with tax appeal resulting in a $1.55 million dollar reduction in assessed value and over $100,000 per year is property tax savings! Attention Investors - Take a good look at this Value Add Opportunity of a 42,252 +/- square foot Neighborhood Shopping Center on 6.52 +/- acres with 602' frontage on Broadway (Route 49) and current tenants including TD Bank, Dollar Tree, Cell Talk and Ella's Mama Mia Restaurant. Approximately 25,000 +/- of leasable space available, 2 loading docks in the anchor space and 550 parking spaces available. The property is currently 40% occupied by four (4) tenants ranging in size from 3007 sf to 7819 sf. Current owner has recently invested $150,000 in improvements including new LED outside lighting, special roof coating and parking lot improvements. Rent roll available with signed Non-Disclosure Agreement. Salem City is a New Jersey Tax Opportunity Zone.
    Exterior Features

    Construction Materials BlockStucco Garage YN No Location Type Free Standing Parking Features Handicap ParkingPaved ParkingPublic Parking Types Parking Lot Riparian Rights YN No Road Responsibility State Roof Flat Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 45512.00 Cooling Central A/C Flooring Carpet Heating Forced Air Heating YN Yes Net Square Feet 45512.00

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Assessment Year 2020 Association YN No Business Type Shopping Center Central Air YN Yes Cooling Fuel Electric Foundation Details Block Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Incorporated City Name Salem City Lease Considered YN No Navigable Water YN N New Construction YN No Number Of Units Total 6 Original MLSNumber 302204014296 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Retail Sale Type Reo (Real Estate Owned) Sewer Public Sewer Tax Annual Amount 91897.00 Tax Assessment Amount 1300000.00 Tax Lot 00001 01 Utilities Electric AvailableNatural Gas AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning C2 Zoning Description Commercial

    Listing courtesy of Warner Real Estate & Auction Company.


    ©2020 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: 2020-09-26T12:51:07.893.
     
    https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_302204014296-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_302204014296-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/orig_boomver_1_302204014296-2.jpg
    Logo
    LoCoMusings | Century 21 Redwood Realty
    540 Fort Evans Road Suite 303
    Leesburg VA, 20176