45 Griffith StSalem, NJ 08079

Property Details for 45 Griffith St

Year built

1940

Lot size

12.13 AC

Property type

Industrial properties

APN

13 00010-0000-00001

APU

1300010000000001

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $258,472,576

  Hospitality

  $236,759,488

  Educational

  $196,981,120

  Medical

  $203,755,600

  Retail

  $306,415,072

Location Insight

City

Salem

County

Salem

State

New Jersey

Latitude

39.5754

Longitude

-75.4746

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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