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Sherwin-Williams 318-322 E Broadway

3,985 SF Retail Building Salem, NJ 08079 $249,000 ($62/SF)

Retail Buildings New Jersey Salem 318-322 E Broadway, Salem, NJ 08079

Investment Highlights

  • Long Term Tenant - Sherwin Williams

Executive Summary

JUST REDUCED $50,000! 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 Sherwin Williams good thru 9/30/2025.
Sellers motived and said "Make an Offer!"

Attachments

2024-25 Lease Agreement
2023-24 Lease Agreement 10-18-23 (version 1) (1)

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,985 SF
Year Built
1960
Price
$249,000
Price Per SF
$62
Tenancy
Single
Building Height
1 Story
Building FAR
0.38
Lot Size
0.24 AC
Parking
6 Spaces (1.51 Spaces per 1,000 SF Leased)
Frontage
65 FT on E Broadway

Amenities

  • Signage
1 of 1

Nearby Major Retailers

Pat's Family Restaurant
TD Banknorth

PROPERTY TAXES

Parcel Number 13-00038-0000-00009 Improvements Assessment $98,400
Land Assessment $10,300 Total Assessment $108,700

PROPERTY TAXES

Parcel Number
13-00038-0000-00009
Land Assessment
$10,300
Improvements Assessment
$98,400
Total Assessment
$108,700
(856) 430-0072

Contact

  • Listing ID: 28863397

  • Date on Market: 6/27/2023

  • Last Updated:

  • Address: 318-322 E Broadway, Salem, NJ 08079

More public record information on 318-322 E Broadway, Salem, NJ 08079

The Retail Property at 318-322 E Broadway, Salem, NJ 08079 is currently available for sale. Contact Warner Real Estate & Auction Co, Inc. for more information.

Nearby Listings

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318-322 E Broadway, Salem, NJ for sale Primary Photo- Image 1 of 8
Front View Bldg
318-322 E Broadway, Salem, NJ for sale Building Photo- Image 2 of 8
Interior View
318-322 E Broadway, Salem, NJ for sale Building Photo- Image 3 of 8
Signage
318-322 E Broadway, Salem, NJ for sale Building Photo- Image 4 of 8
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318-322 E Broadway, Salem, NJ for sale Building Photo- Image 5 of 8
View Side of Bldg 2
318-322 E Broadway, Salem, NJ for sale Building Photo- Image 6 of 8
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318-322 E Broadway, Salem, NJ for sale Building Photo- Image 7 of 8
Front Parking Spaces

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Sherwin-Williams | 318-322 E Broadway
(856) 430-0072 x

Sherwin-Williams | 318-322 E Broadway

Richard Warner

(856) 430-0072

(856) 430-0072

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