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$220,000 Just Listed
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Property 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!
Full Property Details
Full Property Details for 280 E Broadway
General
- Price: $220,000
- Taxes: $5,521 (2025)
- Status: Active
- Type: Commercial
- Source: BrightMLSPhilly
- MLS ID: NJSA2020540
- Updated: 10/26/2026
- Added to Site: 6 day(s) ago
Business
- Business Type: Other
Rooms
Bathrooms
- Restrooms: 2
Parking
- Parking Type: On Street
Location
- Area: Salem City (21713)
- Municipality: SALEM CITY
- County: SALEM
- Subdivision: BROADWAY
- Driving Directions: Use GPS for directions to the property on 280 Broadway, Salem NJ 08079
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Radiator
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Frame
- Basement: Yes
- Roof: Shingle
- Building Size: 2500
- Year Built: 1900
- Year Built Source: Assessor
- Property Condition: Major Rehab Needed
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,261
- Lot Size Source: Assessor
- Fence: Yes
- Zoning: RLC
Financial Considerations
- Price Per Sq. Ft.: $88
- Assessment Year: 2021
- Tax w/Assessment: $64,000
- Tax Amount: $5,521
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: None
- Inclusions: All existing fixtures, permanently installed equipment, and appliances currently located at the property, to the extent owned by the seller, are included in the sale in their present as-is condition, unless otherwise excluded in the agreement of sale.
- Investment: Yes
- Lot Number: 6
Listed by Keller Williams Realty, Dany Samuel Cisneros Mejia and Keller Williams Realty, Karina D Infante
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Schools
Schools serving 280 E Broadway
School District:Salem City School District
| Name | Grades | Distance |
|---|---|---|
Salem Middle School 51 New Market Street, Salem, NJ 08079 | 3-8 | 0.3 mi |
John Fenwick Elementary School 183 Smith Street, Salem, NJ 08079 | PK-2 | 0.4 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 280 E Broadway
Date
Details
Price
Change
Source
10/26/2026
Listed
$220,000
340%
MLS
4/13/2022
Sold
$50,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 280 E Broadway
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,522
15%
$64,000
—
2022
$4,811
-1%
$64,000
—
2022
$4,870
5%
$64,000
—
2021
$4,645
5%
$64,000
—
2018
$4,425
1%
$64,000
—
2017
$4,371
43%
$64,000
-18%
2016
$3,054
-32%
$78,000
22%
2019
$4,524
50%
$64,000
-18%
2015
$3,015
-47%
$78,000
-50%
2013
$5,737
—
$156,600
—
Disclaimer: Historical tax 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 280 E Broadway
280 E Broadway, Salem, NJ 08079 (MLS# NJSA2020540) is a Commercial property. 280 E Broadway is currently listed for $220,000 and was received on October 26, 2026. Want to learn more about 280 E Broadway? Do you have questions about finding other Commercial real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

