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138 W Broadway
Salem, NJ 08079
Prime Redevelopment Project · Retail Property For Sale
EXECUTIVE SUMMARY
Redevelopment Opportunity at 138 W. Broadway, Salem, NJ in the heart of downtown. This property consists of Block 13, Lots 61, 45, and 44. Formally used as a retail store front and warehouse storage for furniture. Estimated at 22,000 square feet across three lots. The property has one loading dock and one drive in bay with a private fenced in rear entrance and access to a shared parking lot (parking space designation should be determined by buyer). Buyer must confirm all square footage estimates and zoning details.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
32,565 SF
Building Class
C
Year Built
1966
Price
$495,000
Price Per SF
$15.20
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
3.25
Lot Size
0.23 AC
Zoning
C-1
Parking
17 Spaces (0.77 Spaces per 1,000 SF Leased)
Frontage
76’ on W Broadway
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $135,300 | |
| Land Assessment | $72,000 | Total Assessment | $207,300 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$72,000
Improvements Assessment
$135,300
Total Assessment
$207,300
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