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sales rep | Brivity IDX

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280 E Broadway , Salem, NJ 08079
$220,000
Est. Payment: $1,188.00/mo
2500 Sqft
0.17 Acres
Status: active | Days on site: 5
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KELWLM-M - 3383060,3183639
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House Description

Unlock the potential of this historic gem located in the vibrant Broadway subdivision! This commercial property, built in 1900, offers a unique opportunity for savvy investors looking to capitalize on a major rehab project. With a generous lot size of 0.17 acres, the possibilities are endless for transforming this space into a lucrative venture. Imagine the potential returns as you breathe new life into this frame structure, strategically positioned to attract foot traffic and business opportunities. The property is ripe for renovation, allowing you to customize the layout and design to meet the demands of today's market. Whether you envision a trendy retail space, a chic office, or a mixed-use development, this property provides the canvas for your vision. Investors will appreciate the on-street parking, enhancing accessibility for customers and clients alike. The location in the Broadway subdivision is a key selling point, with its growing community and increasing demand for commercial spaces. With the right renovations, this property could yield significant rental income or a profitable resale value. Don't miss out on this chance to invest in a property with character and immense potential. With major rehab needed, you have the opportunity to create something truly special that stands out in the market. Seize this opportunity to make your mark in a thriving area-your future investment success starts here!

Highlights

Listed by Dany Samuel Cisneros Mejia , 2158206035 and Karina D Infante , 2014633791 Keller Williams Realty , 8563211212. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.17

Year Built

1900

County

Salem

Area

Salem City (21713)

Neighborhood

Broadway

School District

Salem City Schools

Listing ID

NJSA2020540

Questions about this listing?

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Interior Features

Air Cond:Window Unit(s)
Fireplaces:
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Zoning:RLC
Roof:Shingle
Others:
  • ▪ Additional:Major Rehab Needed
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$1,188
Taxes
$460

Home Price

$220,000

Loan Details

30 yrs
7.144%

Down Payment

20%
$44,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,188.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,188.00 $460.08 $0.00 $1,648.09
Yearly $14,256.03 $5,521.00 $0.00 $19,777.03
Total $427,680.90 $165,630.00 $0.00 $593,310.90
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Salem, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T17:14:43.000Z

© 2026 Bright MLS