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    36 Market St Salem, NJ 08079

    For Sale
    $399,900

    Three-building retail complex, strong rental income.

    Property size:
    18,227 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional investment opportunity presents a portfolio of three commercial buildings situated on a sizable 1.7-acre lot at 36 Market Street in Salem, New Jersey. The property boasts a total of approximately 18,227 square feet of rentable space, currently generating nearly $59,000 in annual rental income from long-term tenants. The main building, a substantial 11,403 square foot structure, functions as an established antique mall/consignment store, equipped with a security system including an alarm and monitored fire alarm. A second building, encompassing 1,824 square feet, is a sturdy block building featuring overhead doors and 3-phase electric service

    Property Features for 36 Market St

    General Information

    Property type
    Retail properties
    Square Feet
    18,227 SF
    Lot Size
    74,052 SF

    Building Details

    Year Built
    1960
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Market Street Treasures Antique Store Master Machine Engine Rebuilding Service

    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
    -75.46471
    Latitude
    39.57591

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    FAQs

    What type of property is this?
    Retail property - Three-building retail complex, strong rental income.
    Where is this retail property located?
    The property is located at 36 Market St Salem, NJ.
    What is the asking price?
    The asking price for this property is $399,900.
    (856) 769-4111
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    36 Market St 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
    36 Market St Salem, NJ 08079
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