Former Salem Glass Works 83 Griffith St
500,000 SF 100% Leased Industrial Building Salem, NJ 08079 For Sale
INVESTMENT HIGHLIGHTS
- 28+/- Acre Redevelopment Opportunity in the City of Salem, the County Seat
- Access to water and rail transportation
- Public Utilities
EXECUTIVE SUMMARY
AUCTION
By Order of the Lender
Industrial Redevelopment Opportunity
28+/- Acres and 500,000+/-SF Manufacturing and Warehouse Space
Salem, Salem County, NJ
March 12, 2025
Former Salem Glass Works / Ardagh Glass Factory:
- Industrial Redevelopment Opportunity, 28+/- Acres & 500,000+/-sf Manufacturing and Warehouse Buildings
- Former Cornerstone of Salem City’s Manufacturing for over 150 years
- Take Advantage of Aspire Tax Incentives
- Strategic Location: Salem, NJ is conveniently located near major highways and transportation routes, providing easy access to Philadelphia, Wilmington, and other key markets in the region.
- Salem is part of an Opportunity Zone, which provides potential tax benefits and incentives for investors and businesses looking to develop or expand in the area.
- The property boasts robust industrial infrastructure, ideal for manufacturing and distribution operations. The site features ample space and rail spur.
- Salem City-The County Seat of Salem County.
Online Auction Concludes Wednesday March 12, 2025 at 11 AM.
Call today or visit our website to download the Property Information Package
By Order of the Lender
Industrial Redevelopment Opportunity
28+/- Acres and 500,000+/-SF Manufacturing and Warehouse Space
Salem, Salem County, NJ
March 12, 2025
Former Salem Glass Works / Ardagh Glass Factory:
- Industrial Redevelopment Opportunity, 28+/- Acres & 500,000+/-sf Manufacturing and Warehouse Buildings
- Former Cornerstone of Salem City’s Manufacturing for over 150 years
- Take Advantage of Aspire Tax Incentives
- Strategic Location: Salem, NJ is conveniently located near major highways and transportation routes, providing easy access to Philadelphia, Wilmington, and other key markets in the region.
- Salem is part of an Opportunity Zone, which provides potential tax benefits and incentives for investors and businesses looking to develop or expand in the area.
- The property boasts robust industrial infrastructure, ideal for manufacturing and distribution operations. The site features ample space and rail spur.
- Salem City-The County Seat of Salem County.
Online Auction Concludes Wednesday March 12, 2025 at 11 AM.
Call today or visit our website to download the Property Information Package
PROPERTY FACTS
| Sale Type | Investment or Owner User |
| Sale Condition | Development Sale |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 28.00 AC |
| Rentable Building Area | 500,000 SF |
| Number of Floors | 1 |
| Year Built | 1862 |
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £3,817,753 | |
| Land Assessment | £382,107 | Total Assessment | £4,199,860 |
ZONING
| Zoning Code | M-1 & M-2 (M-1 Light Manufacturing and M-2 General Manufacturing) |
