Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    227 Broadway Salem, NJ 08079

    Sponsored
    For Sale
    $240,000

    Profitable Tire Store, Large Lot

    Property size:
    1,925 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property at 227 E Broadway in Salem, NJ presents a unique investment opportunity. The 1,925 square foot building has served as a thriving tire store for over 25 years, boasting a proven track record and established clientele. The sale includes the existing business, allowing for immediate continuation of operations. The property sits on a sizable 0.4-acre lot, providing ample space for inventory storage, customer parking, and potential expansion. The building itself is in good condition and features two newer gas heaters, ensuring efficient and cost-effective operation. Additional storage space is conveniently located at the rear of the building. This turnkey operation offers a rare chance to acquire an established business with significant potential for growth. The existing equipment is available for purchase at an additional cost, providing a seamless transition for the new owner. This is an ideal opportunity for an experienced entrepreneur looking to acquire a profitable, established business with a strong history in the Salem community. The property's prime location and substantial lot size offer significant advantages for continued success. Serious inquiries only.

    Property Features for 227 Broadway

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,925 SF
    Lot Size
    17,424 SF

    Building Details

    Year Built
    1940
    Property Profile Location Intelligence

    Current Use by Public Records

    Affordable Tire Salem Tire Shop

    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
    -75.46558
    Latitude
    39.57082

    Nearby Similar for Sale

    • $495,000
      4,584 SF

      Turnkey Auto Repair Shop Opportunity

      Commercial property with auto shop and income-producing residential option.
      139 Route 45, Salem, NJ 08079
      View Details
    • New
      $99,900
      3,140 SF

      Two Single-Family Homes Package Deal

      Investment opportunity: two single-family homes in Salem, New Jersey.
      32 Oak St, Salem, NJ 08079
      View Details
    • $350,000
      2,146 SF

      Iconic Salem Oak Diner For Sale

      Turnkey Silk City Diner in Salem's Historic District.
      113 W Broadway, Salem, NJ 08079
      View Details
    • $150,000
      Pending

      Historic Colonial Gem in Salem

      Circa-1900 Colonial with potential for restoration in historic Salem, NJ.
      52 Market St, Salem, NJ 08079
      View Details
    • $280,000
      6,325 SF

      Salem Schoolhouse with Redevelopment Potential

      Two-story brick schoolhouse with subdivision potential in Salem, NJ.
      31 Oak St, Salem, NJ 08079
      View Details
    • $200,000
      3,000 SF

      Mixed-Use Property in Salem, NJ

      Three-unit mixed-use property with commercial space and apartments.
      141 W Broadway, Salem, NJ 08079
      View Details
    • $445,000

      Downtown Salem Office Building

      5,000 sqft commercial office in Salem's Main Street District.
      201-203 E Broadway, Salem, NJ 08079
      View Details
    • $250,000
      3,437 SF

      Salem Triplex with Long-Term Tenants

      Triplex in Salem with long-term tenants and separate electric meters.
      59 Market St, Salem, NJ 08079
      View Details
    • $495,000
      0.36 Acres

      Redevelopment Opportunity in Downtown Salem

      Redevelopment opportunity in the heart of downtown Salem, New Jersey.
      138 W Broadway, Salem, NJ 08079
      View Details
    • Contact for pricing
      9,248 SF

      Salem Office Building For Sale

      Office building with basement and parking in Salem, New Jersey.
      125 W Broadway, Salem, NJ 08079
      View Details
    • $9,200,000
      92,000 SF

      Salem Warehouse with Dock Doors

      92,000 SF warehouse on 12.13 acres with 16 docks.
      45 Griffith St, Salem, NJ 08079
      View Details
    • Contact for pricing
      2,684 SF

      Former Bank Branch with Drive-Thru

      Well-maintained 2,684 SF former bank branch with drive-thru.
      91 Route 45, Salem, NJ 08079
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Profitable Tire Store, Large Lot
    Where is this commercial real estate located?
    The property is located at 227 Broadway Salem, NJ.
    What is the asking price?
    The asking price for this property is $240,000.
    (856) 825-0713
    Request Owner's contact information
    227 Broadway Salem, NJ 08079
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    227 Broadway
    Salem, NJ 08079
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    227 Broadway Salem, NJ 08079
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.