Property profile

127 W Broadway Salem, NJ 08079

FOR SALE
Commercial real estate
Property ID
US59-1804584
0.33 ac lot Built 1980
Entity Owned 3-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional executive office suite, located at 127 W Broadway in Salem, New Jersey, presents a unique investment opportunity. The property boasts a generous 1,670 square feet of space, ideally suited for a variety of professional uses. Situated on a sizable 0.328-acre lot, the single-story building is zoned C-1, offering flexibility for potential business expansion or adaptation. The address, 127 W Broadway, places the property in a convenient and accessible location within Salem. The property's size and zoning provide ample opportunity for a range of businesses. Detailed information regarding the building's internal layout and features is available upon request. This is an excellent chance to acquire a well-situated commercial property in a thriving New Jersey community. The property's location in Salem County, New Jersey, offers easy access to major transportation routes, making it an attractive option for businesses seeking convenient commutes for employees and clients. The 08079 zip code further highlights its strategic placement within the Salem area. Serious inquiries are encouraged to explore the full potential of this promising commercial real estate offering. Further details are available for qualified buyers.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1980
Lot 0.33 ac (14,192 SF)
APN 13 00059-0000-00002
UPID US59-1804584

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tax Preparation

Location

127 W Broadway Salem, NJ 08079
Salem metro Census 22100 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$500k

Owner & transaction history

since 2023
Last sale
$475,000
2 recorded transactions
2023
$475,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message