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    62 Front St Salem, NJ 08079

    Sponsored
    For Sale
    $165,000

    Prime 3100+ sq ft building on 1.62 acres

    Property size:
    3,105 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a substantial 3,105 square foot freestanding building situated on a generous 1.62-acre lot in Salem, New Jersey. The property boasts a flexible open layout, perfect for a variety of commercial uses, complemented by two restrooms and dedicated office spaces. Located within the M-1 (Light Manufacturing) zoning district, this versatile property offers a wide range of permitted uses, including retail stores, restaurants, cafes, professional offices, private schools, personal service shops, and the manufacturing of clothing, beverages, and medical/dental products. The building is equipped with gas heating, and benefits from access to public water and sewer services, ensuring efficient and reliable utilities. The property encompasses block 10, lots 1.02 and 35, providing ample space and potential for expansion or future development. This is an ideal opportunity for savvy investors seeking a strong return on investment in a well-located commercial property with diverse usage potential. The asking price is $165,000. Don't miss this chance to secure a valuable asset in a thriving market.

    Property Features for 62 Front St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,105 SF
    Lot Size
    70,567 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    SALEM
    State
    New Jersey
    Longitude
    -75.47628
    Latitude
    39.57498

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 3100+ sq ft building on 1.62 acres
    Where is this commercial real estate located?
    The property is located at 62 Front St Salem, NJ.
    What is the asking price?
    The asking price for this property is $165,000.
    (856) 769-4111
    Request Owner's contact information
    62 Front St 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
    62 Front St Salem, NJ 08079
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