1 Hires Avenue 3Salem, NJ 08079

Description

Exceptional opportunity to acquire 1-3 Hires Ave, offering multiple income-producing commercial and residential spaces in the heart of Salem's established downtown business district. Unlock the potential of this well-maintained brick multi-unit property offering both residential income and commercial flexibility. Perfect for investors and business owners, this property features two distinct units designed to maximize opportunity. The second-floor residential unit offers a comfortable 2-bedroom layout that is filled with charm and on the lower level, the commercial space is ready for your vision but is currently being utilized as a bakery. Whether you're looking to expand your investment portfolio or establish your business while collecting rental income, this property delivers flexibility, functionality, and strong potential in a convenient Carneys Point location. Endless possibilities await—don’t miss this unique mixed-use opportunity!

Property Information

Property type

Residential Income

Sub-type

Multi Family

Structure type

House

Year built

1900

Living area

2,400 Sq Ft

Lot size

0.11 acres

Zoning

COMMERCIAL

Days on market

14

MLS^® Listing#

NJSA2020424

Property Features

Appliances

Electric Water Heater

Cooling

Attic Fan · Window Unit(s) · Electric

Heating

Natural Gas · Forced Air

Basement

Full

Pool

None

Parking

Driveway

Construction

Brick

Foundation

Stone · Brick/Mortar

Sewer

Public Sewer

Water source

Public

Schools

District

SALEM CITY SCHOOLS

Financial Details

Annual taxes

$6,816Tax year 2025

Assessed value

$79,000

Parcel number

13-00057 01-00017

Directions

please use gps.