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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.
Property Type(s):
Commercial
| Last Updated | 9/19/2024 | Year Built | 1940 |
|---|---|---|---|
| Community | Salem City (21713) | County | SALEM |
Additional Details
| APPLIANCES | Electric Water Heater |
|---|---|
| AREA | Salem City (21713) |
| CONSTRUCTION | Brick |
| HEAT | Baseboard, Electric |
| LOT | 4792 sq ft |
| LOT DIMENSIONS | 35.00 x 131.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| TAXES | 13741 |
| WATER | Public |
Location
Listing provided by Coldwell Banker Excel Realty
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Data last updated: 1/9/25 8:23 AM PST
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