73 Maskells Mill RdSalem, NJ 08079

Property Details for 73 Maskells Mill Rd

Lot size

3.85 AC

Property size (Sq ft)

6,200 SF

Property type

Other commercial real estate

APN

05 00030-0000-00009- 03

APU

50003000000000903

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $3,032,895

  Hospitality

  $2,778,115

  Educational

  $2,311,359

  Medical

  $2,390,850

  Retail

  $3,595,448

Location Insight

City

Salem

County

Salem

State

New Jersey

Latitude

39.496

Longitude

-75.4284

CBSA code

37980

CBSA name

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

Property Tax & Assessments

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