908-735-9191
57 Market St, Salem, NJ for Sale
Office/Residential - FOR SALE
1/2
null | Request Cap Rate

57 Market St
Salem, NJ 08079


HIGHLIGHTS

  • Historic Building in RLC Zone
  • Public Utilities
  • 50+/- City-Owned Properties Available Throughout the City

OVERVIEW

AUCTION By Order of the City of Salem Historic Building on Market Street Ready for Renovation Plus 50+/- Properties for Redevelopment Structures & Lots Throughout the City Salem, Salem County, NJ May 21, 2025 - "George Trenchard House" c 1790 - Block 6, Lot 16, within "Market Street Historic District", City of Salem, NJ - RLC, Residential Limited - Commercial District, allows for executive /professional/ sales offices, personal service shops, club/lodge - Auction includes additional 50+/- Properties – Lots & Structures (List of Properties Available) - Comprehensive Redevelopment Plan: The City has adopted a comprehensive redevelopment plan focused on rehabilitation and improving conditions within Salem. This plan provides a broad overview for planning, development, and redevelopment efforts, ensuring a structured approach to revitalizing the city. This process aims to facilitate redevelopment and attract developers. - Opportunity Zones and Tax Incentives: Salem City is part of an Opportunity Zone, providing potential tax benefits and incentives for investors and businesses looking to develop or expand in the area. These incentives are designed to stimulate economic growth and redevelopment. - Rich Historic Heritage and Vibrant Community Events: The city hosts engaging events like the Salem County Fair, which has been promoting agriculture since 1959. These events foster community spirit and provide fun activities for all ages. - County Seat: Salem City serves as the county seat of Salem County, making it the administrative center and hub for local government activities. Continuous 15-Minute Information Sessions Wednesday, May 7th running between 12-2 pm, held at the Hetty Reckless Center: 116 West Broadway, Salem, NJ (Across the street from City Hall) Online Auction concludes Wednesday, May 21st at 11 am Call today or visit our website for a List of Properties and register for the Property Information Package

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

AUCTION | Historic Building in RLC Zone

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1790

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

RLC

APN/PARCEL ID

13-00006-0000-00016

ASK ABOUT THIS PROPERTY

Robert DannMax Spann Real Estate & Auction CompanyMore Info
908-735-9191

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Robert DannMax Spann Real Estate & Auction CompanyMore Info
908-735-9191

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.