62 Front St Salem, NJ 08079
This exceptional investment opportunity presents a 3,100 square foot vacant commercial building located at 62 Front Street in Salem, New Jersey, 08079. The property is priced at $165,000, translating to $57.74 per square foot. Currently vacant, this building offers significant potential for a variety of uses. The open layout provides flexibility for customization, and the existing features include two restrooms and office spaces. The building is situated in a M-1 (Light Manufacturing) zoning district, allowing for a wide range of permitted uses. These include, but are not limited to, retail stores, restaurants, cafes, professional offices, private schools, personal service shops, and the manufacturing of clothing, beverages, and medical/dental products. The property benefits from gas heat, public water, and sewer connections. This absolute NNN lease type property presents a strong investment opportunity in a prime location. The building's versatile design and zoning flexibility make it an ideal choice for savvy investors seeking a high-return asset in a thriving New Jersey market. Don't miss this chance to acquire a well-positioned commercial property with substantial upside potential. The property is ready for immediate occupancy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.