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    242 Salem Hancocks Bridge Rd Salem, NJ 08079

    For Sale
    $600,000

    Salem NJ Commercial Property

    Property size:
    7,467 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    Prime 4.52-acre Business Compound

    Property Features for 242 Salem Hancocks Bridge Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,467 SF
    Lot Size
    196,891 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Holladays Used Auto ... Auto Parts Store Holladay's Auto Parts Used Auto Parts Store

    Suggested Use

    Law Firm Wholesale Shop Auto Parts Store HVAC Service Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    New Jersey
    Longitude
    -75.46613
    Latitude
    39.54262

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    FAQs

    What type of property is this?
    Commercial real estate - Salem NJ Commercial Property
    Where is this commercial real estate located?
    The property is located at 242 Salem Hancocks Bridge Rd Salem, NJ.
    What is the asking price?
    The asking price for this property is $600,000.
    (856) 769-4111
    Request Owner's contact information
    242 Salem Hancocks Bridge Rd 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
    242 Salem Hancocks Bridge Rd Salem, NJ 08079
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