73 Maskells Mill Rd Salem, NJ 08079
For Sale
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This exceptional 6,200 square foot commercial property, situated on a 3.85-acre lot in Salem, NJ, presents a unique investment opportunity. Previously operating as the Wave Maker 4 Swim Club, the building boasts a substantial indoor pool, ample office space, workout rooms, and complete restroom facilities. The property's significant advantage lies in its income-generating 756-panel solar array, featuring two 75 KW solar inverters, providing a substantial monthly revenue stream. Located in the Village Residential (VR) zoning district, the property enjoys 136 feet of road frontage, excellent roadside visibility, and a paved parking lot, ensuring convenient access and high visibility for any business. The substantial building size, combined with the existing infrastructure and the lucrative solar energy production, makes this a highly attractive investment for a savvy entrepreneur or investor seeking a strong return. The property's versatile layout and prime location offer a multitude of potential uses, making it an ideal choice for a variety of commercial ventures. This is a rare opportunity to acquire a well-established property with significant income potential and substantial development possibilities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.