443 E Broadway, Salem, NJ, 08079

443 E Broadway, Salem, NJ, 08079 < >
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for sale
$1,200,000
Square Feet:45512
Lot Size:6.51 Acres
Year Built:1990
Status:Active
MLS #:NJSA136904
Date Updated:
For information contact:
DC Metro Homes By Greg
703-837-9848
Licensed in Virginia (#0225201025), Maryland (#643716), Pennsylvania (#RSR003749) & District of Columbia (#SP98371723)
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Go See This Property
Great News... Seller successful with tax appeal resulting in a $1.55 million dollar reduction in assessed value and over $100,000 per year is property tax savings! Attention Investors - Take a good look at this Value Add Opportunity of a 42,252 +/- square foot Neighborhood Shopping Center on 6.52 +/- acres with 602' frontage on Broadway (Route 49) and current tenants including TD Bank, Dollar Tree, Cell Talk and Ella's Mama Mia Restaurant. Approximately 25,000 +/- of leasable space available, 2 loading docks in the anchor space and 550 parking spaces available. The property is currently 40% occupied by four (4) tenants ranging in size from 3007 sf to 7819 sf. Current owner has recently invested $150,000 in improvements including new LED outside lighting, special roof coating and parking lot improvements. Rent roll available with signed Non-Disclosure Agreement. Salem City is a New Jersey Tax Opportunity Zone.
Interior Details
Building Total SQFT: 45512.00Flooring Type: Carpet
Foundation Details: Block

Exterior Details
Lot Size Acres: 6.51Lot Size Dimensions: 602 x 400
Lot SQFT: 283576.00Parking Features: Handicap Parking, Paved Parking, Public
Roof: Flat

Community Information
County: SALEMZoning: C2

Property Information From MLS Data
Accessibility Features: NoneBusiness Type: Shopping Center
DOM: 229MLS Area: Salem City (21713)
New Construction YN: NProperty Sub Type: Retail
Building Level Count: 1Year Built: 1990

Utilities
Cooling Type: Central A/CHeating Type: Forced Air
Sewer Septic: Public SewerUtilities: Electric Available, Natural Gas Available, Sewer Ava
Water Source: Public

Listing Information Courtesy of:
List Agent Full Name: Richard G Warner
List Office Name: Warner Real Estate & Auction Company

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Listing courtesy of Richard G Warner, Warner Real Estate & Auction Company

Information obtained from Bright MLS is current as of 10/27/2020 1:54 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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