62 Front St Salem, NJ 08079
- Commercial real estate
- 3,105 SF
- 1.62 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 62 Front St
- Year built
- 1960
- Lot size
- 1.62 lot acres
- Property size
- 3,105 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a substantial 3,105 square foot freestanding building situated on a generous 1.62-acre lot in Salem, New Jersey. The property boasts a flexible open layout, perfect for a variety of commercial uses, complemented by two restrooms and dedicated office spaces. Located within the M-1 (Light Manufacturing) zoning district, this versatile property offers a wide range of permitted uses, including retail stores, restaurants, cafes, professional offices, private schools, personal service shops, and the manufacturing of clothing, beverages, and medical/dental products. The building is equipped with gas heating, and benefits from access to public water and sewer services, ensuring efficient and reliable utilities. The property encompasses block 10, lots 1.02 and 35, providing ample space and potential for expansion or future development. This is an ideal opportunity for savvy investors seeking a strong return on investment in a well-located commercial property with diverse usage potential. The asking price is $165,000. Don't miss this chance to secure a valuable asset in a thriving market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- SALEM
- State
- New Jersey
- Longitude
- -75.4763
- Latitude
- 39.575
