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Four R-2 Residential Lots Package
For Sale
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49 Union St, Salem, NJ 08079

Four R-2 zoned residential lots are being sold together as a single auction package.

Property SizeContact for details
Lot Size0.33 Acres
Days on Market110

Property Features for 49 Union St

General Information

Standard status Active
Lot size 0.33 Acres
Property subtype Land
Zoning R-2

Additional Details

Opportunity Zone Yes
Listing Agency: Max Spann Realtors
Listed By: Max Spann · License #8331140
Source: Crexi
Added: Apr 24 Changed: Aug 8 Last Checked: Apr 24 at 4:20PM

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 Max Spann Realtors

Investment Insights

Based on property information with market context.

This offering includes four R-2 residential zone lots sold together as one package. The combined lot area is listed as approximately 0.33+/- acres. The public remarks indicate the auction is part of a broader assemblage that also includes 50+ additional properties for redevelopment throughout Salem.

The property is located at 49 Union St, Salem, NJ 08079. The public remarks note that Salem is part of an Opportunity Zone and references a city-adopted redevelopment plan focused on rehabilitation and improving conditions.

Interested parties should review the auction materials and the included property information package for details associated with this specific four-lot group.

Key Highlights

  • Auction package includes four R‑2 residential zone lots sold together
  • Total land area is 0.33+/- acres for the four lots
  • Sold with 50+/- additional properties—lots and structures—listed as part of the redevelopment offering

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Building Supply Parking Lot & Garage HVAC Service Dental Office 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.

Location Intelligence

Trade Area within ½ mile

403
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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Four R-2 zoned residential lots are being sold together as a single auction package.
Where is this residential land & home lot located?
The property is located at 49 Union St Salem, NJ.
What are key features of this property?
This property features: Auction package includes four R‑2 residential zone lots sold together; Total land area is 0.33+/- acres for the four lots; Sold with 50+/- additional properties—lots and structures—listed as part of the redevelopment offering
More about this property
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