1. New Jersey
  2. Salem
  3. 196 E BROADWAY
$600,000

196 E BROADWAY, Salem, NJ 08079

  • 1 bath |
  • 8,770 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1940
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $68/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Mixed-Use Investment Opportunity 6 residential units 2 commercial **MOTIVATED SELLER **. MUST HAVE MIXED USE PRE APPROVAL WITH OFFER 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.

Listing Status:
Active
Date Added:
May 2, 2025 at 05:00AM
Listing Office:
Coldwell Banker Realty : 8566855600
Listing Agent:
Jennifer Derevlany : 8564661388
MLS ID:
NJSA2014196
  • A/C: None
  • Heating: YBaseboard - ElectricElectric
  • Disability Feature: 2+ Access Exits

This listing courtesy of Jennifer Derevlany, Coldwell Banker Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Salem Middle School

51 New Market St, Salem, NJ, 08079

Grades 3-8

0.19 miles away

S

Salem Middle School

51 New Market St, Salem, NJ, 08079

Grades 3-8

0.19 miles away

S

Salem High School

219 Walnut St, Salem, NJ, 08079

Grades 9-12

0.99 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.