196-198 E Broadway, SALEM, NJ

$599,000

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1

Bath

8,770

Square feet

0.11

Acres

About 196-198 E Broadway

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.

Features of 196-198 E Broadway

MLS® # NJSA2014196
Price $599,000
Bathrooms 1.00
Full Baths 1
Square Footage 8,770
Acres 0.11
Year Built 1940
Type Residential
Sub-Type Other
Style Other
Status Active

Community Information

Address 196-198 E Broadway
Area Salem City (21713)
Subdivision NONE AVAILABLE
City SALEM
County SALEM-NJ
State NJ
Municipality SALEM CITY
Zip Code 08079

Amenities

Is Waterfront No

Interior

Heating Baseboard - Electric
Cooling None
Has Basement No
Fireplace No
# of Stories 2
Stories 2 Story

Exterior

Exterior Brick and Siding

School Information

District SALEM CITY SCHOOLS

Additional Information

Date Listed March 18th, 2025
Days on Market 167
Zoning MIXED
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeColdwell Banker Realty
Contact Info8566855600

Listing Map

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