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    156 Route 45 Salem, NJ 08079

    For Sale
    Contact for pricing

    High-visibility office, near hospital & transit.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This commercial property at 156 Route 45 in Salem, New Jersey, presents a unique opportunity for businesses seeking high-traffic exposure. Located on a bustling highway, this office space offers excellent visibility for attracting clients and employees. Its proximity to a major hospital makes it particularly attractive to medical and healthcare-related businesses, providing convenient access to medical facilities. Public transportation is also readily available, enhancing accessibility for staff and visitors. The 0.31-acre lot offers potential for expansion or modification. The interior space may be divisible, offering flexibility for tenants with varying needs. While the exact square footage is currently unavailable, the property is zoned commercial, allowing for a wide range of uses. Potential tenants should be aware that utilities are not included and that the property currently contains dust and debris requiring cleanup. This prime location offers a compelling opportunity for businesses seeking a high-visibility, conveniently located office space. Inquire now to learn more about this exciting prospect.

    Property Features for 156 Route 45

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    13,504 SF

    Building Details

    Year Built
    1940
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Gym & Fitness Pharmacy Skin Care Clinic Kitchen & Bath HVAC Service Bakery Pawn Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    New Jersey
    Longitude
    -75.45494
    Latitude
    39.58636

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    FAQs

    What type of property is this?
    Office Property / Space - High-visibility office, near hospital & transit.
    Where is this office property / space located?
    The property is located at 156 Route 45 Salem, NJ.
    (609) 693-1000
    Request Owner's contact information
    156 Route 45 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
    156 Route 45 Salem, NJ 08079
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