1-3 Hires Avenue Salem, NJ ^$ 195,000

1-3 Hires Avenue

^$ 195,000

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Recently Listed

1-3 Hires Avenue

Salem, NJ, 08079

^$ 195,000

Bedrooms-- Baths-- Sq 1,900

Monthly Estimate*

^$ 1,347

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Commercial Property for sale in Salem, NJ

for $195,000. This 1,900 square foot building was built in 1900 on a lot size of 0.11.

Exceptional opportunity to acquire 1-3 Hires Ave, offering multiple income-producing commercial and residential spaces in the heart of Salem's established downtown business district. Unlock the potential of this well-maintained brick multi-unit property offering both residential income and commercial flexibility. Perfect for investors and business owners, this property features two distinct units designed to maximize opportunity. The second-floor residential unit offers a comfortable 2-bedroom layout that is filled with charm and on the lower level, the commercial space is ready for your vision but is currently being utilized as a bakery. Whether you're looking to expand your investment portfolio or establish your business while collecting rental income, this property delivers flexibility, functionality, and strong potential in a convenient Carneys Point location. Endless possibilities awaitdont miss this unique mixed-use opportunity!

Commercial Active

Price

^$ 195,000

Property Type

Commercial

Taxes

^$ 6,816

Style

General Retail

Lot Size

0.11

Year Built

1900

Town/City

Salem

County/Region

Salem

MLS | Web ID

NJSA2020370

Features

Interior

Heating Fuel Natural Gas

Hot Water Electric

Heating Y/N Y

Central Air Y/N Y

Total Restrooms 2

General

Sewer Public Sewer

Heating Forced Air

Cooling Central A/C

Possession 61-90 Days CD Negotiable

Zoning COMMERCIAL

Construction Materials Brick

Year Built 1900

Property Subtype Mixed Use

Tax Year 2025

Ownership Fee Simple

Cool Fuel Electric

Municipality SALEM CITY

Business Type Other/General Retail

Accessibility None

County SALEM

New Construction N

Property Type Commercial Sale

Possible Use Apartments Commercial Distribution Flex Space Food Market Investment Mixed Use Retail Residential

Water Access Y/N N

Status ACTIVE

Directions please use gps.

City SALEM

MLS Area Salem City (21713)

Lot Size Units Square Feet

Lot Size Square Feet 5001.00

Tax Annual Amount 6816.0

Price Per Sq Ft Total AG 81.25

Vacation Rental Y/N N

Standard Status Active

Year Built Source Assessor

Tax Lot 00017

Exterior

Water Source Public

Type of Parking Driveway

Water View Y/N N

Building Area Total 2400.00

Lot Size Acres 0.11

Lot Size Source Assessor

Waterfront Y/N N

Land Assessed Value 22800.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 1

* Excluded Features

List By

Pino Agency

Broker

vincentgrova@gmail.com

Affordability Calculator

$1,915

Per Month

Monthly Principal & Interest: $1,347
Monthly Property Taxes: $568
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Salem, NJ

Average List Price ^$362,714

Percent of Sale Price 86%

About Salem, NJ

4,893 Population

-16% Since 2002

^$26,747 Median Income

35.33 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/7/2026	$195,000		Listed Price

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1-3 Hires Avenue, Salem, NJ, 08079 is a Commercial Property for sale at $195,000 with 1,900 sqft and a lot size of 0.11. 1-3 Hires Avenue was built in 1900. The property's zip code is 08079 which is in Salem, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

Real estate listings held by brokerage firms other than Weichert, Realtors® are marked with the Broker Reciprocity icon (a little black house) and detailed information about each listing includes the name of the listing broker.

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1-3 Hires Avenue

Commercial Property for sale in Salem, NJ

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