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201-203 E Broadway 4,225 SF Office Building Salem, NJ 08079 $325,000 ($76.92/SF)
Investment Highlights
- Endless opportunities for owners in retail, housing, professional services.
Executive Summary
An incredible opportunity to obtain a property that seems to offer limitless possibilities. Over 4,000 square-feet of space that could operate as one massive space or multiple businesses. Open space on the 1st floor that could be significant retail. Multiple offices on the 2nd floor could operate as medical space, financial networks, accounting. Previously occupied by a non-profit organization this space speaks to many different governmental uses, doctor's office, businesses who meet with clients in person. Alternatively, there are residential considerations with buyers obtaining approval from the City of Salem. Open your mind to what could be a thriving situation. Multiple new businesses in the area could partner with you for yours. Contact us to speak with experienced agents with strong commercial lending contacts. This property is also available for leasing. Please inquire for potential leasing options.
Taxes & Operating Expenses (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$79,176,500
|
$18,740.00
|
Taxes & Operating Expenses (Actual - 2026)
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $79,176,500 |
| Annual Per SF | $18,740.00 |
Property Facts
Sale Type
Owner User
Sale Condition
High Vacancy Property
Property Type
Building Size
4,225 SF
Building Class
B
Year Built
1950
Price
$325,000
Price Per SF
$76.92
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,113 SF
Building FAR
1.10
Lot Size
0.09 AC
Zoning
Commercial - Banquet Facility/Lodge, Day Care Facility, Funeral Home, Hair Salon and Spa, Health Club, Institutional, Medical, Other, Other/General Retail
Amenities
- Conferencing Facility
- Convenience Store
- Day Care
- Dry Cleaner
- Fitness Center
- Food Court
- Air Conditioning
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 13-00061-0000-00006 | Improvements Assessment | $197,800 (2025) |
| Land Assessment | $19,400 (2025) | Total Assessment | $217,200 (2025) |
Property Taxes
Parcel Number
13-00061-0000-00006
Land Assessment
$19,400 (2025)
Improvements Assessment
$197,800 (2025)
Total Assessment
$217,200 (2025)
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201-203 E Broadway
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