The median home value in Salem, NJ is $137,000.
This is
lower than
the county median home value of $165,000.
The national median home value is $308,980.
The average price of homes sold in Salem, NJ is $137,000.
Approximately 29% of Salem homes are owned,
compared to 53% rented, while
18% are vacant.
Salem real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Salem real estate agent to arrange a tour
today! Learn more about Salem Real Estate.
Attention Business Owners and Savvy Entrepreneurs... Check out this rare-find property consisting of about 4.52 +/- acres with 7,500 +/- SF of buildings (office, three shops & 3-sided storage bldg) with a fenced in yard. Great property for your small business operation. The property is located in the Commercial (C) zoning district in Elsinboro Twp and is in close proximity to Route 49, Route 40 and the Delaware Memorial Bridge. Real Estate only for sale. Property being sold in "As Is" condition. Buyer responsible for any inspections including certificate of occupancy, if required. Now is the time to invest in your future.
Build your investment portfolio with this 3-unit property in the heart of downtown Salem. The main-level commercial unit is currently vacant with the opportunity to use as a business rental and has its own rental space and plenty of storage. The second and third floors each consist of a spacious, two-bedroom apartments. Both apartments are currently occupied. 141 W. Broadway is conveniently located minutes away from the Delaware Memorial Bridge and is convenient to major shopping areas and popular travel destinations in Pennsylvania, New Jersey and Delaware.
Mixed-Use Investment Opportunity 6 residential units 2 commercial **MOTIVATED SELLER **. 196-198 E. Broadway, Salem, New Jersey *Six spacious residential apartments ( Rents below market) *Two large commercial stores on the ground floor Welcome to 196-198 E. Broadway, Salem, New Jersey â a prime investment opportunity! This mixed-use property boasts approximately 8,870 square feet, featuring six residential apartments and two large commercial stores on the ground floor. Situated in the heart of Salem City, this property offers the perfect blend of residential comfort and commercial potential. The residential units are spacious, providing comfortable living spaces, while the commercial stores offer a great opportunity for retail businesses, offices, or service providers. The property's central location ensures easy access to everything, making it a highly attractive option for both tenants and business owners. This property is ideal for investors looking to expand their portfolio with a mixed-use building that promises steady rental income from both residential and commercial tenants. Its prime location and versatile use make it a valuable asset in the real estate market. Don't miss out on this fantastic investment opportunity in Salem City, New Jersey.
Welcome to an exceptional commercial real estate opportunity at 4 Bypass Rd, Unit 202, Salem, NJ 08079. Currently configured as a medical practice, this versatile space boasts a spacious waiting area, four well-appointed examination rooms, three private offices, and a dedicated reception and administrative area. Perfectly situated directly across from Inspira Medical Center Mannington, this prime location offers unparalleled convenience for both staff and patients. Don't miss out on this ideal setting to elevate your practice or business in a thriving medical hub.
GREAT LOCATION! 3,000 Square feet stand-alone commercial building. Currently holds a profitable Dry-cleaning business. over 35 years of established business! this sale includes equipment for you just continue opening doors to the public. This property provides the perfect platform to conduct business. Don't miss out on this fantastic opportunity. Take advantage of the incredible potential of this well-established dry cleaners, the option to divide the space into two separate businesses. Seize the opportunity today and make your mark on this thriving commercial property!
Great investment opportunity. Total of 6 apartments. 1 one bedroom unit, 1 two bedroom unit, 3 three bedroom units and 1 four bedroom unit. Each with 1 full bath. Potential rents from $1,175 to $1,600. 2 units currently rented for $1,125 and $1,375. 1 unit will be vacant at the end of April and 3 units are currently vacant. 4 units have been recently renovated.
Quinton Twp multifamily, the mailing address is Salem however this is not Salem City. 6 Duplexes on one block and lot. 8 three bedroom one bath and 4 two bedroom one bath. Laundry in all units. All units have a finished attic and full unfinished basement for storage. New architectural shingles on all the buildings. New Siding on 5 of the buildings. Public water and Public Sewer. Electric water heaters in all units. Every unit has separate above ground oil tanks, tenant is responsible to fill for heat. There are plenty of opportunities for an increase in rents. 2024 Pro-forma gross income of $186, 720.
JUST REDUCED $75,000! Attention Savvy Investors... Check out this rare-find property with (3) commercial buildings situated on about 1.7 +/- acres in Salem City. All three buildings are rented to long -standing tenants and the total rental income is nearly $59,000 per year. The main building is currently used as an Antique Mall/Consignment retail store and is approximately 11,403 +/- sf. This building has an alarm system and monitored fire alarm system. The second building is a block building (1824 +/- sf) with overhead doors, 3-phase electric and is currently used as a machine shop. The rear building is a block building (5000 +/-sf) and is currently used as a print shop with an open layout and offices. The monthly rental income is $1800.00 (Antique Mall/Consignment Store), $700.00 (Machine Shop) and $2416.66 for the print shop. "Don't wait for the right opportunity: create it." Invest in Your Future Today!
Attention Savvy Investors... Looking for a new investment to add to your portfolio? Check out this stand- alone, 1-story commercial building with great, stable rental history. The long-standing tenant, Sherwin Williams has leased the building for decades. The property has been well maintained and offers a current rental income of $32,760 per year. Tenant pays water, sewer, electric, heat and reimburses owner for the majority of the property taxes and insurance. Lease with SW extended thru 9/30/2024.
Attention Investors! Check out this 3100 +/- sf stand along building with open layout, 2 restrooms and offices situated on 1.62 +/- acres. The property is located in the M-1 (Light Manufacturing) zoning district with gas heat, public water and sewer. Some permitted uses include retail store, restaurant, cafe, professional office, private school, personal service shops, manufacturing of clothing, beverages, medical/dental products and more.... Property includes block 10 lots 1.02 & 35. Invest in your future today.
Turnkey Business Opportunity with additional income-producing option in a great location! This Commercial Property is an Auto Repair shop complete with 9000lb hydraulic lift, tire machine and air compressor included, 6 bays - 3 bays in front workroom (35x35) and 3 bays in back workroom (48x39), Showroom/Reception Area (19x38), Office (15x12), Parts Room (24x16), and a loft accessible in the back workroom for additional storage. Two restrooms in front workroom, tin roof, plenty of room outback with access to side street for ease of moving vehicles and customer drop-off with large lot in front for additional parking for customers. Additional income-producing at 137 Route 45. A 2+ bedroom home sits next door to the left of the shop and is included in the sale. This home offers 2 bedrooms and a full bathroom downstairs with a walk-up bonus space upstairs that can be used as a third bedroom, office space, or additional storage. The home also has hardwood floors, basement, detached 2-car garage, new roof in 2020, and aluminum siding. Property was winterized. Kitchen was gutted. Project is stalled and ready for the new owner to take over. Use as a rental, as additional offices for the Auto Shop, live next to your thriving business, or complete the renovation on the home and sell it to your new neighbors! Home and Shop are being conveyed in their "as is" condition. Great location, minutes from major routes, tax affordable, turn-key as an auto shop or easily fit to suit offices, medical use, retail, or marine repair.
The building is a two story brick school facility. It consists of 11 rooms, 4 restrooms, office and boiler room. Currently, the subject site has 38,700 SF of land area. The owner will submit for approval of a subdivision once a buyer is obtained. Subsequent to the proposed subdivision, the new subject parcel would include only the school and parking lot (22,521 SF). Seller requests limited shared use of parking on Sundays and certain special days. Subject is located in Flood Zone X an area that is determined to be outside the 100 and 500 year floodplains. Property Type Special Purpose Design; Single-Tenant; Owner-Occupied; Number of Buildings 1; Number of Stories 2; Net Rentable Area (NRA) 6,325 SF; Gross Building Area (GBA) 6,325 SF; Floor Plate 3,163 SF; Site Coverage Ratio 14.0%; Land to Building Ratio 3.6:1; Parking 24 (Surface) 3.8/1,000 SF NRA; Year Built 1953; Quality Average; Condition Average; Basic Construction Concrete block; Foundation Poured concrete slab; Framing Concrete Block; Exterior Walls Brick; Roof slight pitch tar and gravel; Insulation Assumed to be standard and to code for both walls and ceilings; Heating Gas fired boiler with radiant heat system; Air Conditioning Window units; Lighting Fluorescent and Incandescent; Interior Walls Drywall/ concrete block; Electrical commercial phases; Ceilings Acoustical tile and drywall; Windows Glass in aluminum frames; Doors Metal doors with glass in metal frame. Subject is presently tax exempt. The current tax value for all buildings on the site is as follows: Exempt Total Asmt: $377,500; Total Land Asmt: $177,600; Total Bldg. Asmt: $199,900; Total Asmt: $377,500; Exempt Land Asmt: $177,600. Assuming a buyer would use the property for some non-tax exempt purpose and the post subdivision total assessment would be $200,000 the estimated real estate tax would be $14,138.
Former Wave Maker 4 Swim Club - 6200 /- sf building with large indoor pool, offices, workout rooms, restroom facilities and income generating solar array (756 solar panels) on 3.85 /- acres. The property has 136 ft of road frontage and is in the Village Residential (VR) zoning district. Great location for your business with paved parking lot and roadside visibility. System has (2) 75 KW solar inverter at the pool. Great monthly income from the solar array for the savvy investor.