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$499,000
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Property Description
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
Full Property Details for 196 E Broadway
General
- Price: $499,000
- Status: Active
- Type: Commercial Lease
- Source: BrightMLSPhilly
- MLS ID: NJSA2014078
- Updated: 3/6/2026
- Added to Site: 393 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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Schools
Schools serving 196 E Broadway
School District:Salem City School District
| Name | Grades | Distance |
|---|---|---|
Salem Middle School 51 New Market Street, Salem, NJ 08079 | 3-8 | 0.2 mi |
John Fenwick Elementary School 183 Smith Street, Salem, NJ 08079 | PK-2 | 0.4 mi |
Salem High School 219 Walnut Street, Salem, NJ 08079 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 196 E Broadway
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
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 196 E Broadway
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.


