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Salem,NJ 08079
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 6,325 sqft
Price per Sqft $44
MLS Listing ID NJSA141818
Year Built 1952
Tax Year 2020
Lot Size 0.517 Acres
Property Description
The building is a two story brick school facility. It consists of 11 rooms, 4 restrooms, office and boiler room. Currently, the subject site has 38,700 SF of land area. The owner will submit for approval of a subdivision once a buyer is obtained. Subsequent to the proposed subdivision, the new subject parcel would include only the school and parking lot (22,521 SF). Seller requests limited shared use of parking on Sundays and certain special days. Subject is located in Flood Zone X an area that is determined to be outside the 100 and 500 year floodplains. Property Type Special Purpose Design; Single-Tenant; Owner-Occupied; Number of Buildings 1; Number of Stories 2; Net Rentable Area (NRA) 6,325 SF; Gross Building Area (GBA) 6,325 SF; Floor Plate 3,163 SF; Site Coverage Ratio 14.0%; Land to Building Ratio 3.6:1; Parking 24 (Surface) 3.8/1,000 SF NRA; Year Built 1952; Quality Average; Condition Average; Basic Construction Concrete block; Foundation Poured concrete slab; Framing Concrete Block; Exterior Walls Brick; Roof slight pitch tar and gravel; Insulation Assumed to be standard and to code for both walls and ceilings; Heating Gas fired boiler with radiant heat system; Air Conditioning Window units; Lighting Fluorescent and Incandescent; Interior Walls Drywall/ concrete block; Electrical commercial phases; Ceilings Acoustical tile and drywall; Windows Glass in aluminum frames; Doors Metal doors with glass in metal frame. Subject is presently tax exempt. The current tax value for all buildings on the site is as follows: Exempt Total Asmt: $377,500; Total Land Asmt: $177,600; Total Bldg. Asmt: $199,900; Total Asmt: $377,500; Exempt Land Asmt: $177,600. Assuming a buyer would use the property for some non-tax exempt purpose and the post subdivision total assessment would be $200,000 the estimated real estate tax would be $14,138.
Location
State NJ
County Salem
Area Salem City (21713)
Zoning R-1
Interior
Hot Water Natural Gas
Heating Radiant
Cooling Window Unit(s)
Inclusions TO BE DETERMINED
Equipment Negotiable
Exterior
Garage Spaces 24.0
Utilities Available Above Ground,Cable TV,Electric Available,Phone Available,Sewer Available,Water Available
Water Access N
View Street
Roof Type Other
Building
Lot Description Cleared,Level,Other
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
Middle Schools Salem
High Schools Salem
School District Salem City Schools
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard,Other