108 Tilbury Rd
1,600 SF Specialty Building Offered at $850,000 in Salem, NJ 08079
INVESTMENT HIGHLIGHTS
- Riparian water rights to Barbers Basin and Salem River
- Located in Manufacturing 2 District
- Three phase electric - 120 amps, 240 voltz.
EXECUTIVE SUMMARY
Value Add Marina for sale with 70 boat slips available on the Salem River and Barber’s Basin. Approximately 200’ of river frontage on the Salem River with parking and exterior boat storage. The Marina supports a +/- 5 foot draft at high-tide with 70 boat slips potential for seasonal lease and a boat ramp. The property is situated in the Manufacturing 2 (Two) zone of Salem City. This zoning provides for general industrial uses except for the uses outlined below. The property is located in an opportunity zone. There are two existing structures totaling approximately 1,600 square feet on the property. The buildings include a single family residence and a boat service shop. All marina equipment is included in the sale price. This is a rare opportunity to bring the marina back to life or redevelop the property for an industrial use with shipping capabilities. The Salem River directly connects to the Delaware River. Everything is sold as-is. Buyer is responsible for their own due diligence regarding property (inclusive of riparian rights and water depth).
TAXES & OPERATING EXPENSES (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$50,252
|
$31.41
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$50,252
|
$31.41
|
PROPERTY FACTS
AMENITIES
- Waterfront
PROPERTY TAXES
| Parcel Number | 13-00097-0000-00007 | Total Assessment | $611,200 (2024) |
| Land Assessment | $567,000 (2024) | Annual Taxes | $50,252 ($31.41/SF) |
| Improvements Assessment | $44,200 (2024) | Tax Year | 2025 |
ZONING
| Zoning Code | M-2 (General Manufacturing/Opportunity Zone) |
