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$499,000 -$100,000 (-16.69%) Price Reduced

  • For Lease
  • Active
  • Commercial Lease
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MUST HAVE MIXED USE PRE APPROVAL WITH OFFER!!! Mixed-Use Investment Opportunity 6 residential units 2 commercial **MOTIVATED SELLER **. 196-198 E. Broadway, Salem, New Jersey *Six spacious residential apartments ( Rents below market) *Two large commercial stores on the ground floor Welcome to 196-198 E. Broadway, Salem, New Jersey - a prime investment opportunity! This mixed-use property boasts approximately 8,870 square feet, featuring six residential apartments and two large commercial stores on the ground floor. Situated in the heart of Salem City, this property offers the perfect blend of residential comfort and commercial potential. The residential units are spacious, providing comfortable living spaces, while the commercial stores offer a great opportunity for retail businesses, offices, or service providers. The property's central location ensures easy access to everything, making it a highly attractive option for both tenants and business owners. This property is ideal for investors looking to expand their portfolio with a mixed-use building that promises steady rental income from both residential and commercial tenants. Its prime location and versatile use make it a valuable asset in the real estate market. Don't miss out on this fantastic investment opportunity in Salem City, New Jersey.

Full Property Details for 196 E Broadway

General

  • Price: $499,000
  • Status: Active
  • Type: Commercial Lease
  • Source: BrightMLSPhilly
  • MLS ID: NJSA2014078
  • Updated: 2/10/2026
  • Added to Site: 342 day(s) ago

Business

  • Business Type: Other

Rental Information

  • Lease/Rent Term: More Than 60 Months

Parking

  • Parking Type: On Street, Other

Location

  • Area: Salem City (21713)
  • Municipality: SALEM CITY
  • County: SALEM
  • Driving Directions: 196 e broadway salem nj

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick
  • Aprox. Leasable: 5,000 Sq. Ft.
  • Current Bldg. Use: Vacant
  • Year Built: 1940
  • Year Built Source: Estimated

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size (Sq. Ft.): 4,587
  • Lot Size Source: Estimated
  • Lot Dimensions: 35.00 x 131.00
  • Zoning: MIXED

Financial Considerations

  • Price Per Sq. Ft.: $99.8
  • City/TownTax Freq: Annually

Disclosures and Reports

  • Ownership: Other
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 196 E Broadway —

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 196 E Broadway

School District:Salem City School District
NameGradesDistance
Salem Middle School
51 New Market Street, Salem, NJ 08079
3-80.2 mi
John Fenwick Elementary School
183 Smith Street, Salem, NJ 08079
PK-20.4 mi
Salem High School
219 Walnut Street, Salem, NJ 08079
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 196 E Broadway Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/10/2026
Price Reduced
$499,000
-16.69%
MLS
9/24/2025
Price Reduced
$599,000
-0.17%
MLS
3/06/2025
Listed
$600,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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196 E Broadway, Salem, NJ 08079 (MLS# NJSA2014078) is a Commercial Lease property. 196 E Broadway is currently listed for $499,000 and was received on March 06, 2025. This property is listed by Jennifer Derevlany from our Haddonfield Office.Want to learn more about 196 E Broadway? Do you have questions about finding other Commercial Lease real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

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