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Property profile & analytics
OFF-MARKET Estimated value $6,530,000
Industrial properties

45 Griffith St Salem, NJ 08079-1056

12.13 ac lot Built 1940
Entity Owned 3-yr Hold Free & Clear
Property ID
US59-2391752
Property summary
AI-generated overview

This exceptional single-tenant industrial distribution facility, located at 45 Griffith Street in Salem, New Jersey, presents a compelling investment opportunity. The property boasts a substantial 92,000 square feet of warehouse space within a single, one-story building constructed in 2000. The building features impressive ceiling heights ranging from 16 to 28 feet, providing ample vertical storage capacity. Efficient operations are ensured with 18 loading docks, including 16 dock-high doors, and two drive-in doors. Extensive parking is available with 50+ spaces. The property sits on a generous 12.13 acres of land, fully fenced, and offers valuable outside storage space. The building is zoned for industrial use and benefits from robust power capabilities, with 800 amps at 480 volts. Annual property taxes are $0.95 per square foot. This well-maintained property is ideally suited for a variety of distribution and manufacturing operations, offering a strategic location in Salem County, New Jersey, with easy access to major transportation routes (specific details not provided). The property's size, features, and location make it an attractive option for businesses seeking efficient and expansive warehouse space. This is a rare opportunity to acquire a high-quality industrial property in a desirable location.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1940
Lot 12.13 ac (528,383 SF)
APN 13 00010-0000-00001
UPID US59-2391752
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Ploughman's Restaurant Restaurant
  • Courier Systems Inc Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$6.72M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.53M
Owner & transaction history
Salem Griffith Properties LLC · 3 yrs held
Salem Griffith Properties LLC
since 2022
Last sale
$6.4M
1 recorded transaction
2022
$6.4M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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