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    201-203 E Broadway Salem, NJ 08079

    New
    For Sale
    $445,000

    Office/Professional - Salem, NJ

    Days on Market:
    6
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 201-203 E Broadway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Floors in Building
    2

    WEICHERT REALTORS - TURNERSVILLE (609) 641-9411

    Listing agent KATHLEEN HANSBURY (856) 227-1950

    Listing date Nov 30, 2025

    MLS# 600123 Listing URL

    Copyright © 2025 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Salem Office Building

    Located in the heart of Salem’s Downtown Main Street District, this 5,000 sqft commercial office building is suitable for law firms, medical practices, financial services, and other professional businesses. The building features 11 private offices, with 5 on the first floor and 6 on the second, along with a dedicated conference room. Additional features include two pantries, separate men’s and women’s restrooms, and central air conditioning. There is both a walkable attic and a full basement for storage space or future expansion. The property benefits from street parking. The building is surrounded by key institutions including the State Senator and State Agencies Building, an educational foundation, and is directly across from the Salem County Courthouse and Salem Community College. The surrounding area is walkable and rich in history. This property is an excellent choice for professionals seeking a move-in-ready office space in downtown Salem.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    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
    -75.466577
    Latitude
    39.571374

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    FAQs

    What type of property is this?
    Office building - 5,000 sqft commercial office in Salem's Main Street District.
    Where is this office building located?
    The property is located at 201-203 E Broadway Salem, NJ.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Salem's Downtown Main Street District, directly across from the Salem County Courthouse and Salem Community College.; - **5,000 SQFT commercial office building** suitable for law firms, medical practices, financial services, and other professional businesses.; - Features **11 private offices** (5 on the first floor, 6 on the second) and a dedicated conference room.
    (856) 227-1950
    Request Owner's contact information
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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
    201-203 E Broadway Salem, NJ 08079
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