110 5th St | Salem, NJ 08079
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110 5th St
Salem, NJ 08079
AUCTION: Two-Unit w/ Major Tenant, Turnkey · Retail Property For Sale
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
15,500 SF
Building Class
C
Year Built
1960
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.24
Lot Size
1.47 AC
Zoning
Commercial
Parking
75 Spaces (4.84 Spaces per 1,000 SF Leased)
Frontage
464 FT on 5th St
Amenities
- Air Conditioning
About 110 5th St , Salem, NJ 08079
Two-Unit, 13,879 sf, One-Story Retail Complex with 75 parking spaces on 1.47 +/- acres. Large unit (7769 sf) is leased to Family Dollar and the smaller unit is currently vacant (previously rented to Dollar Dream). Turnkey Income - The lease with Family Dollar includes (4) automatic five year extensions and escalations in rent. Tenants pay utility providers direct for gas and electric consumption. Minimal landscape and maintenance required.
PROPERTY TAXES
| Parcel Number | 13-00013-0000-00001 | Improvements Assessment | $639,500 |
| Land Assessment | $257,500 | Total Assessment | $897,000 |
PROPERTY TAXES
Parcel Number
13-00013-0000-00001
Land Assessment
$257,500
Improvements Assessment
$639,500
Total Assessment
$897,000
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