36 Market StSalem, NJ 08079
- Commercial real estate
- 1.70 AC
For Sale
$399,900
View listing
Property Details for 36 Market St
- Year built
- 1960
- Lot size
- 1.70 AC
- Property type
- Commercial real estate
- APN
- 13 00016-0000-00009
- APU
- 1300016000000009
Description
This exceptional investment opportunity presents a portfolio of three commercial buildings situated on a sizable 1.7-acre lot at 36 Market Street in Salem, New Jersey. The property boasts a total of approximately 18,227 square feet of rentable space, currently generating nearly $59,000 in annual rental income from long-term tenants. The main building, a substantial 11,403 square foot structure, functions as an established antique mall/consignment store, equipped with a security system including an alarm and monitored fire alarm. A second building, encompassing 1,824 square feet, is a sturdy block building featuring overhead doors and 3-phase electric service
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $36,224,504
- Hospitality
- $33,181,450
- Educational
- $27,606,576
- Medical
- $28,556,010
- Retail
- $42,943,564
36 Market St, Salem, New Jersey
Location Insight
- City
- Salem
- County
- Salem
- State
- New Jersey
- Latitude
- 39.5758
- Longitude
- -75.4645
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$18,883
$26,200
$225,000
$251,200
-
$26,200
$225,000
$251,200
Comparable in this City
Similar Nearby for Sale
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