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    97 Quinton-Marlboro Rd Salem, NJ 08079

    Sponsored
    For Sale
    $399,000

    High-traffic retail building, 3970 sq ft

    Property size:
    3,970 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional retail property, located at 97 Quinton-Marlboro Road in Salem, New Jersey, presents a compelling investment opportunity. The 3,970 square foot building sits on a generous 8.25-acre lot, boasting 269 feet of frontage on Route 49, ensuring high visibility and accessibility. Currently configured as a two-unit building, the property includes a 2,280 square foot retail space and a 1,690 square foot restaurant, currently leased for $1,700 per month. Some restaurant equipment is included in the sale. The property is zoned P-BR, offering potential for expansion or redevelopment. Its strategic location provides easy access to the NJ Turnpike (Exit 1) and I-295/Delaware Memorial Bridge, maximizing exposure to a large customer base. The asking price is $399,000, translating to $100.50 per square foot. The property is being sold "as is." This presents a rare chance to acquire a well-situated retail property with significant growth potential in a high-traffic area. Don't miss this opportunity to invest in a thriving commercial location.

    Property Features for 97 Quinton-Marlboro Rd

    General Information

    Property type
    Retail properties
    Square Feet
    3,970 SF
    Lot Size
    359,370 SF

    Building Details

    Stories
    1

    HighLights

    • 3,970 SF retail building on an 8.25‑acre lot in Salem, NJ.
    • 269' of frontage on Route 49 provides high visibility.
    • Two‑unit building: 2,280 SF retail space and 1,690 SF restaurant (currently leased for $1,700/month, some equipment included).
    • P‑BR zoning allows for expansion or redevelopment.
    • Excellent location near NJ Turnpike (Exit 1) and I‑295/Delaware Memorial Bridge.
    • Asking price: $399,000 ($100.50/SF). Sold "as is".
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Salem
    County
    Salem
    State
    New Jersey
    Longitude
    -75.4069256
    Latitude
    39.5418582

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail building, 3970 sq ft
    Where is this retail property located?
    The property is located at 97 Quinton-Marlboro Rd Salem, NJ.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: 3,970 SF retail building on an 8.25-acre lot in Salem, NJ.; 269' of frontage on Route 49 provides high visibility.; Two-unit building: 2,280 SF retail space and 1,690 SF restaurant (currently leased for $1,700/month, some equipment included).
    Request Owner's contact information
    97 Quinton-Marlboro Rd 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
    97 Quinton-Marlboro Rd Salem, NJ 08079
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