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201-203 E BROADWAYSALEM, NJ 08079

Commercial · 4,225 Sq. ft. | 0.10 Acres
$250,000 ACTIVE

201-203 E BROADWAY Overview

Time on Site:
100 days
Visits:
8

MAJOR PRICE REDUCTION with this incredible opportunity to obtain a property that seems to offer limitless possibilities. Over 4,000 square-feet of space that could operate as one massive space or multiple businesses. Open space on the 1st floor that could be significant retail. Multiple offices on the 2nd floor could operate as medical space, financial networks, accounting. Previously occupied by a non-profit organization this space speaks to many different governmental uses, doctor's office, businesses who meet with clients in person. Alternatively, there are residential considerations with buyers obtaining approval from the City of Salem. Open your mind to what could be a thriving situation. Multiple new businesses in the area could partner with you for yours. Contact us to speak with experienced agents with strong commercial lending contacts.

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201-203 E BROADWAY Facts & Features

  • Type Commercial
  • Sq. ft. 4,225
  • Price/Sq.ft. $59
  • Lot 0.10 Acres

Details

General

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Year Built: 1950

Business Information

  • Business Type: Professional,Other,Apartment Building,Big Box Retail,Convenience Store/Gas,Day Care Facility,Religious Facility,Other/General Retail,Medical,Hair Salon and Spa

Location/Region

  • Country: US
  • County: SALEM
  • County Or Parish: SALEM
  • MLS Area Major: Salem City (21713)

Parking Information

  • Total Parking Spaces: 0
  • Type of Parking: On Street

Rent/Lease Information

  • Lease Considered: Yes

Tax Information

  • City/Town Tax Payment Frequency: Annually
  • County Tax Payment Frequency: Annually
  • Tax Annual Amount: $18,740.00
  • Tax Assessed Value: 217200.00
  • Tax Year: 2025

General Information

  • Historic: No
  • Property Condition: Good
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • School District Name: SALEM CITY SCHOOLS
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2025
  • Zoning: COMMERCIAL

Interior

Building Information

  • Building Winterized: No
  • Cooling Fuel: Electric
  • Heating Fuel: Natural Gas
  • Total Drive In Doors: 0
  • Total Restrooms: 2

Parking Information

  • Garage: No

Building Interior

  • Building Area Source: Estimated
  • Building Area Total: 4225.00
  • Central Air: Yes
  • Hot Water: Natural Gas

General Information

  • Accessibility Features: None
  • Cooling: Central A/C
  • Flooring: Carpet, Laminated, Vinyl, Wood
  • Foundation Details: Block, Brick/Mortar

Exterior

Building Information

  • Total Loading Docks: 0

Lot Information

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.10
  • Lot Size Dimensions: 33.00 x 128.00
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 4225.00
  • Lot Size Units: Square Feet
  • Water Source: Public

Waterfront/View

  • Water Oriented: No
  • Water View: No
  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Frame
  • Fencing: No

General Information

  • Number Of Units Total: 0
  • Sewer: Public Sewer
  • Water Access: No

201-203 E BROADWAY Neighborhood

Community

08079 (Salem) Demographics

40
Median Age
98
Population Density (per sq. mile)
24%
College Educated
$42,077
Estimated Median Income
2,379
Estimated Total Home Owners
1,639
Estimated Total Renters
59% / 41%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

201-203 E BROADWAY Monthly Cost

$
$ %
%
$
$
Alex Reilley
Kevin Schulthies
Our Website
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

201-203 E BROADWAY Market Data

Based on the last 30 days in this zip code

$217,443
Average List Price
$117
Average Price per Square Foot
13
Properties Sold
101
Average Days on Market
74
Properties for Sale
Calculations provided by Reliance Network

201-203 E BROADWAY History

Date Event Value Agent
5/27/2026Source: BRIGHT MLS Price Reduction
$250,000 -23.1%
3/21/2026Source: BRIGHT MLS Added to Database
March 21, 2026
Listing provided courtesy of RE/MAX Preferred - Sewell- MLS# NJSA2018240MLS ProviderContact Information: 8565894848