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Two-Unit Mixed-Use Building
New
For Sale
$195,000

1 HIRES AVENUE, Salem, NJ 08079

Ground-floor commercial space is paired with a second-floor two-bedroom residence.

Property Size2,400 SF
Price / SF$81.25
Days on Market4

Property Features for 1 HIRES AVENUE

General Information

Standard status Active
Size 2,400 SF
Property subtype Commercial

Building Details

Year Built 1900
Construction brick
Tenancy Multi
Listing Agency: Pino Agency
Listed By: Vincent Grova · License #1752643
Source: Cummingsrealtors
Added: Oct 7 Changed: Oct 10 Last Checked: Oct 10 at 2:48AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pino Agency

Investment Insights

Based on property information with market context.

This brick mixed-use property contains two distinct spaces: a commercial unit on the ground floor and a two-bedroom residence above. The commercial space is currently used as a bakery. Built in 1900, the building contains 2,400 square feet.

The residential and commercial components are arranged within one property, combining separate use areas across two floors.

Key Highlights

  • 2,400‑square‑foot brick mixed‑use property
  • Ground‑floor commercial space currently used as a bakery
  • Second‑floor residence with a 2‑bedroom layout

Property Analytics

Current Use

Gilda's Biscotti Inc. Bakery

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Parking Lot & Garage Spa & Massage Center Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

401
Businesses Nearby
4k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 82% Home Improvements & Furnishings 18%
Family Dollar Shops & Services
3,204 visits/mo 0.1 miles
Sherwin-Williams Paint Store Home Improvements & Furnishings
692 visits/mo 0.5 miles

Demographics for 08079, NJ

10,793
Population
5,213
Households
2.1
Avg Household Size
40
Median Age
19%
College-Educated
87%
High-School Grad
88.7 sq mi
ZIP Area
122
Density / Sq Mi
$60,375
Median Household Income
$46,345
Median Earnings
$1,057
Median Rent
$180,300
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor commercial space is paired with a second-floor two-bedroom residence.
Where is this mixed-use property located?
The property is located at 1 HIRES AVENUE Salem, NJ.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 2,400‑square‑foot brick mixed‑use property; Ground‑floor commercial space currently used as a bakery; Second‑floor residence with a 2‑bedroom layout
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