196 E Broadway Salem, NJ $ 599,000
196 E Broadway
$ 599,000
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196 E Broadway

Salem, NJ, 08079
$ 599,000
Bedrooms-- Baths--
196 E Broadway, Salem, NJ 08079 - Image 1
196 E Broadway, Salem, NJ 08079 - Image 2
196 E Broadway, Salem, NJ 08079 - Image 3
196 E Broadway, Salem, NJ 08079 - Image 4
196 E Broadway, Salem, NJ 08079 - Image 5
196 E Broadway, Salem, NJ 08079 - Image 6
196 E Broadway, Salem, NJ 08079 - Image 7

Property for Rent in Salem, NJ

for $599,000. This property was built in 1940 on a lot size of 0.11.

MUST HAVE MIXED USE PRE APPROVAL WITH OFFER!!! Mixed-Use Investment Opportunity 6 residential units 2 commercial **MOTIVATED SELLER **. 196-198 E. Broadway, Salem, New Jersey *Six spacious residential apartments ( Rents below market) *Two large commercial stores on the ground floor Welcome to 196-198 E. Broadway, Salem, New Jersey a prime investment opportunity! This mixed-use property boasts approximately 8,870 square feet, featuring six residential apartments and two large commercial stores on the ground floor. Situated in the heart of Salem City, this property offers the perfect blend of residential comfort and commercial potential. The residential units are spacious, providing comfortable living spaces, while the commercial stores offer a great opportunity for retail businesses, offices, or service providers. The property's central location ensures easy access to everything, making it a highly attractive option for both tenants and business owners. This property is ideal for investors looking to expand their portfolio with a mixed-use building that promises steady rental income from both residential and commercial tenants. Its prime location and versatile use make it a valuable asset in the real estate market. Don't miss out on this fantastic investment opportunity in Salem City, New Jersey.

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Rental Active

Price

$ 599,000

Taxes

$ 0

Style

Lot Size

0.11

Year Built

1940

Town/City

Salem

County/Region

Salem

MLS | Web ID

NJSA2014078

Features
Interior
Heating Fuel Electric
Hot Water Electric
Heating Y/N Y
Central Air Y/N N
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General
Sewer Public Sewer
Heating Baseboard - Electric
Cooling None
Zoning MIXED
Construction Materials Brick
Year Built 1940
Property Subtype Retail
Current Use Vacant
Municipality SALEM CITY
Business Type Other
Accessibility 2+ Access Exits
County SALEM
New Construction N
Property Type Commercial Lease
Water Access Y/N N
Status ACTIVE
Directions 196 e broadway salem nj
City SALEM
MLS Area Salem City (21713)
Lot Size Units Square Feet
Lot Size Square Feet 4587.00
Ok to Lease More Than 60 Months
Price Per Sq Ft Total AG 119.8
Leasable Area 5000
Vacation Rental Y/N N
Availability Date 2025-03-06
Standard Status Active
Year Built Source Estimated
Association Recreation Fee N
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Exterior
Water Source Public
Type of Parking On Street Other
Water View Y/N N
Lot Dimensions 35.00 x 131.00
Lot Size Acres 0.11
Lot Size Source Estimated
Waterfront Y/N N
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 196
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* Excluded Features
List By
Coldwell Banker Realty

Broker

jderevlany@icloud.com

Email

Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/25/2025$599,000 -0.17% Price Down
3/6/2025$600,000 Listed Price

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196 E Broadway, Salem, NJ, 08079 is a Property for Rent at $599,000 with a lot size of 0.11. 196 E Broadway was built in 1940. The property's zip code is 08079 which is in Salem, NJ