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Mixed-Use Building with Storefronts
For Sale
Contact for pricing
Pending

196 E Broadway, Salem, NJ 08079

Mixed-use property combines residential apartments with ground-floor commercial storefronts.

Property Size8,870 SF
Days on Market142

Property Features for 196 E Broadway

General Information

Standard status Pending
Size 8,870 SF
Property subtype Retail, Mixed Use

Additional Details

Multifamily Units 6
Listing Agency: Coldwell Banker Excel Realty
Listed By: Jennifer Derevlany · License #NJ
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 8:35PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Excel Realty

Investment Insights

Based on property information with market context.

This mixed-use building contains approximately 8,870 square feet arranged with six residential apartments and two commercial stores at ground level. The residential component provides separate living spaces, while the commercial portion consists of two larger storefront areas.

Located in Salem City, New Jersey, the property brings residential and commercial components together within one building. The commercial spaces are identified for potential retail, office, or service-oriented occupancy, alongside the existing apartment units.

Key Highlights

  • Approximately 8,870 square feet of mixed‑use space
  • Six residential apartments
  • Two large commercial stores on the ground floor

Property Analytics

Current Use

Smoke-Stock & Chimney Cleaning ... Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Parking Lot & Garage Spa & Massage Center Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

393
Businesses Nearby

Demographics for 08079, NJ

10,793
Population
5,213
Households
2.1
Avg Household Size
40
Median Age
19%
College-Educated
87%
High-School Grad
88.7 sq mi
ZIP Area
122
Density / Sq Mi
$60,375
Median Household Income
$46,345
Median Earnings
$1,057
Median Rent
$180,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use property combines residential apartments with ground-floor commercial storefronts.
Where is this mixed-use property located?
The property is located at 196 E Broadway Salem, NJ.
What are key features of this property?
This property features: Approximately 8,870 square feet of mixed‑use space; Six residential apartments; Two large commercial stores on the ground floor
More about this property
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