31 Oak St, Salem, NJ

Name: 31 Oak St, For Sale in Salem - eXp Realty
Brand: BHHS Fox &amp; Roach-Mullica Hill South
SKU: NJSA141818
Price: 280000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$280,000

000

MLS® NJSA141818

Key Facts
Description
Map

Key Facts

Type Other

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes

Days Active 605

Approx. Age 1952

MLS® Number NJSA141818

Property Address: 31 Oak St, Salem, NJ, 08079-1418

Average square foot calculated using Size range provided by listing agent.

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.

MLS® NumberNJSA141818

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1952

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

TO BE DETERMINED

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 15, 2024List Date

$280,000List Price

Commute

Commute

Starting Address

Destination Address

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