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Property profile & analytics
OFF-MARKET
Gas stations

227 Broadway Salem, NJ 08079-1110

0.4 ac lot Built 1940
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US59-3053957
Property summary
AI-generated overview

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 profile
Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1940
Lot 0.4 ac (17,481 SF)
APN 13 00062-0000-00003
UPID US59-3053957
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Affordable Tire Salem (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
A & K American Properties LLC
A & K American Properties LLC
since 2025
Last sale
$250,000
1 recorded transaction
2025
$250,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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