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115 W Broadway Salem, NJ $ 550,000
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$ 550,000 Get more info
115 W Broadway
$ 550,000
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115 W Broadway

Salem, NJ, 08079
$ 550,000
Bedrooms-- Baths-- Sq 5,000

Monthly Estimate*

$ 3,386

115 W Broadway, Salem, NJ 08079 - Image 1
115 W Broadway, Salem, NJ 08079 - Image 2
115 W Broadway, Salem, NJ 08079 - Image 3
115 W Broadway, Salem, NJ 08079 - Image 4
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115 W Broadway, Salem, NJ 08079 - Image 7
115 W Broadway, Salem, NJ 08079 - Image 8

Commercial Property for sale in Salem, NJ

for $550,000. This 5,000 square foot building was built in 1960 on a lot size of 0.21.

8 unit apartment building situated in downtown Salem City. Situated on W Broadway, next to the historic Salem Oak Diner. Building is comprised of (5) large one bedroom one bath apartments. The remaining 3 units are studios. Seven of the eight units are occupied. Annual Gross Income: $74, 640 Owner pays: taxes, insurance, lawn care, trash removal, heat, hot water, & water sewer along with studio electric. Tenant's of the one bedrooms pay their own electric.

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Commercial Active

Price

$ 550,000

Property Type

Commercial

Taxes

$ 17,920

Style

Apartment Building

Lot Size

0.21

Year Built

1960

Town/City

Salem

County/Region

Salem

MLS | Web ID

NJSA2018704
Features
Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N N
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General
Sewer Public Sewer
Heating Radiator
Cooling Window Unit(s)
Possession Settlement
Zoning APT
Construction Materials Frame
Year Built 1960
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality SALEM CITY
Business Type Apartment Building
Accessibility None
County SALEM
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions GPS
City SALEM
Number Of Units Total 0
MLS Area Salem City (21713)
Lot Size Units Square Feet
Lot Size Square Feet 9239.00
Tax Annual Amount 17920.0
Price Per Sq Ft Total AG 110.0
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 00007
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Exterior
Water Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 5000.00
Lot Dimensions 56.00 x 165.00
Lot Size Acres 0.21
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 52500.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 115
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* Excluded Features
List By
Hedenberg Real Estate Company Llc

Broker

eric@hedrec.com

Email

Affordability Calculator

$4,880
Per Month
69%
31%
0%
Monthly Principal & Interest
$3,386
Monthly Property Taxes
$1,493
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/24/2026$550,000 Listed Price

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115 W Broadway, Salem, NJ, 08079 is a Commercial Property for sale at $550,000 with 5,000 sqft and a lot size of 0.21. 115 W Broadway was built in 1960. The property's zip code is 08079 which is in Salem, NJ

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