125 BroadwaySalem, NJ 08079

Property Details for 125 Broadway

Year built

1985

Construction

BRICK

Lot size

0.58 AC

Property type

Commercial real estate

APN

13 00059-0000-00003

APU

1300059000000003

Description

This exceptional executive office building, located at 125 W Broadway in Salem, New Jersey, presents a unique investment opportunity. The property boasts a total of 9,248 square feet, encompassing 6,141 square feet of office space and an additional 3,107 square feet of basement space. The building sits on a 0.5979-acre lot and is zoned C1, allowing for a variety of commercial uses. Ample parking is available, with 58 spaces serving both 125 and 127 W Broadway. The property's strategic location in Salem, within Passaic County, offers convenient access to major transportation routes and a thriving business community. This is an ideal opportunity for businesses seeking a substantial and well-maintained office space in a desirable location. The property's size and zoning provide flexibility for a range of business needs. The inclusion of significant basement space adds versatility for storage, additional office space, or other operational requirements. The ample parking ensures convenient access for employees and clients. This property is ready for immediate occupancy and presents a compelling investment opportunity in a growing market. The adjacent property at 127 W Broadway, while not included in this sale, offers an additional 1,670 square feet on a 0.3283-acre lot and is also zoned C-1. This presents a potential expansion opportunity for a larger business. The zip code is 08079.

• Alternative Use

  Use

  Valuation

  Residential

  $12,455,903

  Hospitality

  $11,409,540

  Educational

  $9,492,603

  Medical

  $9,819,069

  Retail

  $14,766,272

Location Insight

City

Salem

County

Salem

State

New Jersey

Latitude

39.5721

Longitude

-75.4696

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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