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Pumsu Lim

stagesite-2.test@chime.me +1(506) 970-3459

$ 280,000

Est. payment | -/mo

0.52 Acres Lot

Save

$ 280,000

Est. payment | -/mo

Save

0.52 Acres Lot

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

Lot Size 0.517 Acres

MLS Listing ID NJSA141818

Financing Cash,Conventional

Short Sale No

HOA Y/N N

Originating MLS BRIGHT

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

Heat Source Natural Gas

1-purchase type For Sale

Exterior

Garage Spaces 24

Utilities Available Above Ground, Cable TV, Electric Available, Phone Available, Sewer Available, Water Available

Waterfront N

Water Access N

View Street

Roof Type Other

Street Surface Black Top

Accessibility Other, Level Entry - Main, Doors - Lever Handle(s), 48\"+ Halls

Road Frontage City/County

Parking Type On Street, Parking Lot

Total Parking Spaces 24

Building

Lot Description Cleared, Level, Other

New Construction N

Foundation Slab

Lot Dimensions 150x150

Sewer Public Sewer

Water Public

Schools

Middle Schools Salem

High Schools Salem

School District Salem City Schools

Others

Tax Year 2020

Tax ID 13-00056-00028

Ownership Fee Simple

Security Features Smoke Detector

Acceptable Financing Cash, Conventional

Special Sale Standard, Other

testyfx76

Listed by Ken McIlvaine • BHHS Fox & Roach-Mullica Hill South

31 OAK ST Salem, NJ 08079