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    141 W Broadway Salem, NJ 08079

    For Sale
    $200,000

    CommercialSale - SALEM, NJ

    Property size:
    3,000 SF
    Lot size:
    0.04 Acres
    Days on Market:
    65
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 141 W Broadway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    3,000 SF
    Lot size
    0.04 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1888
    Flooring type
    Hardwood
    Roof type
    Flat
    Architectural style
    Other

    Berkshire Hathaway HomeServices Fox & Roach, Realtors [email protected]

    Listing agent Bnita Govens (215) 887-0400

    Listing date Oct 2, 2025

    MLS# NJSA2015656 Listing URL

    Copyright © 2025 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Salem, NJ

    Located in downtown Salem, New Jersey, 141 W. Broadway is a 3-unit, end-unit mixed-use property. It features one commercial space and two two-bedroom apartments. The main-level storefront is currently occupied with an annual lease. The second floor is also occupied. The third floor is currently vacant and available for showings. The property is 3,000 square feet in size and sits on a 0.04-acre lot. Situated minutes from the Delaware Memorial Bridge, 141 W. Broadway offers convenient access to major shopping areas, transportation routes, and popular vacation destinations in Pennsylvania, New Jersey, and Delaware. This property presents an opportunity to expand your portfolio and increase income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    New Jersey
    Longitude
    -75.46849
    Latitude
    39.57207

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    FAQs

    What type of property is this?
    Mixed-use property - Three-unit mixed-use property with commercial space and apartments in Salem.
    Where is this mixed-use property located?
    The property is located at 141 W Broadway Salem, NJ.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Mixed-use property with commercial space and two apartments provides diverse income streams.; - **Vacant 2-bedroom apartment on the third floor is available for immediate showings.**; - **Prime location in downtown Salem, NJ, minutes from the Delaware Memorial Bridge.**
    (215) 887-0400
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    141 W Broadway Salem, NJ 08079
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    Salem, NJ 08079
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    141 W Broadway Salem, NJ 08079
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