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.
The median home value in Salem, NJ is $175,000. This is higher than the county median home value of $134,400. The national median home value is $219,700. The average price of homes sold in Salem, NJ is $175,000. Approximately 24.56% of Salem homes are owned, compared to 51.21% rented, while 24.23% are vacant. Salem real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Salem real estate agent to arrange a tour today!
Salem, New Jersey has a population of 4,877. Salem is less family-centric than the surrounding county with 7.91% of the households containing married families with children. The county average for households married with children is 26.93%.
The median household income in Salem, New Jersey is $25,171. The median household income for the surrounding county is $63,934 compared to the national median of $57,652. The median age of people living in Salem is 35.2 years.
The average high temperature in July is 86.4 degrees, with an average low temperature in January of 25.5 degrees. The average rainfall is approximately 44.7 inches per year, with 13.4 inches of snow per year.