36 Market St, Salem, NJ 08079

$300,000

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Sold Price
$300,000
List Price
$399,900
Closing Date
Apr 15, 2025
Days on Market
544
Status
CLOSED
MLS#
NJSA2008768
Lot Size (Acres)
1.7
Year Built
1960
County
Salem
School District
Salem City Schools

Property Description

JUST REDUCED $75,000! Attention Savvy Investors... Check out this rare-find property with (3) commercial buildings situated on about 1.7 +/- acres in Salem City. All three buildings are rented to long -standing tenants and the total rental income is nearly $59,000 per year. The main building is currently used as an Antique Mall/Consignment retail store and is approximately 11,403 +/- sf. This building has an alarm system and monitored fire alarm system. The second building is a block building (1824 +/- sf) with overhead doors, 3-phase electric and is currently used as a machine shop. The rear building is a block building (5000 +/-sf) and is currently used as a print shop with an open layout and offices. The monthly rental income is $1800.00 (Antique Mall/Consignment Store), $700.00 (Machine Shop) and $2416.66 for the print shop. "Don't wait for the right opportunity: create it." Invest in Your Future Today!

Additional Information

Area
Salem City (21713)
Taxes
$19,746
Flooring
Partially Carpeted, Concrete, Vinyl
Heating
Hot Water, Forced Air, Radiant
Cooling
Central Air, Ceiling Fan(s), Wall Units
Roof
Flat, Shingle, Pitched
Utilities
Electric Available, Natural Gas Available, Cable Available, Sewer Available, Water Available
Water
Public
Sewer
Public Sewer

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Listing courtesy of Warner Real Estate & Auction Company. Contact:

Selling Office: Warner Real Estate & Auction Company.