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Property profile & analytics
FOR SALE
Commercial real estate

73 Maskells Mill Rd Salem, NJ 08079

6,200 SF 3.85 ac lot
Individually Owned 22-yr Hold ~ Est. High Equity
Property ID
US59-0036328
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 6,200 SF
Lot 3.85 ac (167,706 SF)
APN 05 00030-0000-00009- 03
UPID US59-0036328
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$631k
Blend (final) Blend
$695k
Owner & transaction history
Sharon L Dickson · 22 yrs held
Sharon L Dickson
since 2004
5 recorded transactions
2004
$100,000
2004
$1
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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