Former Salem Glass Works 83 Griffith St 500,000 SF 100% Leased Industrial Building Salem, NJ 08079 For Sale
INVESTMENT HIGHLIGHTS
- 28+/- Acre Redevelopment Opportunity in the City of Salem, the County Seat
- Access to water and rail transportation
- Public Utilities
EXECUTIVE SUMMARY
AUCTION
By Order of the Lender
Industrial Redevelopment Opportunity
28+/- Acres and 500,000+/-SF Manufacturing and Warehouse Space
Salem, Salem County, NJ
In Negotiations
Former Salem Glass Works / Ardagh Glass Factory:
- Industrial Redevelopment Opportunity, 28+/- Acres & 500,000+/-sf Manufacturing and Warehouse Buildings
- Former Cornerstone of Salem City’s Manufacturing for over 150 years
- Take Advantage of Aspire Tax Incentives
- Strategic Location: Salem, NJ is conveniently located near major highways and transportation routes, providing easy access to Philadelphia, Wilmington, and other key markets in the region.
- Salem is part of an Opportunity Zone, which provides potential tax benefits and incentives for investors and businesses looking to develop or expand in the area.
- The property boasts robust industrial infrastructure, ideal for manufacturing and distribution operations. The site features ample space and rail spur.
- Salem City-The County Seat of Salem County.
Currently in Negotiations
By Order of the Lender
Industrial Redevelopment Opportunity
28+/- Acres and 500,000+/-SF Manufacturing and Warehouse Space
Salem, Salem County, NJ
In Negotiations
Former Salem Glass Works / Ardagh Glass Factory:
- Industrial Redevelopment Opportunity, 28+/- Acres & 500,000+/-sf Manufacturing and Warehouse Buildings
- Former Cornerstone of Salem City’s Manufacturing for over 150 years
- Take Advantage of Aspire Tax Incentives
- Strategic Location: Salem, NJ is conveniently located near major highways and transportation routes, providing easy access to Philadelphia, Wilmington, and other key markets in the region.
- Salem is part of an Opportunity Zone, which provides potential tax benefits and incentives for investors and businesses looking to develop or expand in the area.
- The property boasts robust industrial infrastructure, ideal for manufacturing and distribution operations. The site features ample space and rail spur.
- Salem City-The County Seat of Salem County.
Currently in Negotiations
PROPERTY FACTS
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 28.00 AC |
| Rentable Building Area | 500,000 SF |
| No. Stories | 1 |
| Year Built | 1862 |
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,949,700 | |
| Land Assessment | $495,400 | Total Assessment | $5,445,100 |
ZONING
| Zoning Code | M-1 & M-2 (M-1 Light Manufacturing and M-2 General Manufacturing) |
