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    Freestanding Bank Building with Drive-Through
    Updated: Feb 27
    Freestanding Bank Building with Drive-Through

    349 JOHN ST Unit 1, Westfield, NJ 07029

    $850,000
    1,701 sqft
    1,701‑square‑foot freestanding commercial building
    Existing drive‑through from former bank use
    Corner lot measuring approximately 46 x 97
    On‑site parking potential with convenient ingress and egress
    Located near public transportation and dense residential neighborhoods
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    This listing looks promising.

    Here's a quick look at some key insights for

    349 JOHN ST Unit 1, WESTFIELD, NJ 07029

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    • Est. Cap Rate

      3.1%
      NOI ÷ price

    • Est. NOI

      $26K
      Annual

    • Price @ 7% Cap

      $372K
      Suggested
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Westfield, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Bank of America Ground Lease
    Bank of America Ground Lease

    101 South Ave, Cranford, NJ 07016

    $4,259,000
    4,050 sqft 0.47 AC lot

    Long-term Bank of America ground lease in Cranford Township.

    View details
    Bank of America Ground Lease
    Bank of America Ground Lease

    101 South Ave, Cranford, NJ 07016

    $3,990,000
    4,050 sqft 0.47 AC lot

    Long-term ground lease with renewal options in affluent Cranford Township.

    View details
    Freestanding Bank Building with Parking
    Freestanding Bank Building with Parking

    36 Middlesex Avenue, Metuchen, NJ 08840

    Contact for pricing
    2,943 sqft 0.54 AC lot

    Brick bank building with central air and flat roof, featuring a partial basement and on-site parking lot.

    View details
    Bank Building with Parking
    Bank Building with Parking

    36 Middlesex Avenue, Metuchen, NJ 08840

    Contact for pricing
    2,943 sqft

    Previously a bank and available for sale, with a partial basement and ample parking for a compliant retail or dining concept.

    View details

    Westfield, NJ Banks Market Trends and Statistics

    Explore 1 banks for sale in Westfield, NJ on our real estate platform. These investment opportunities span a total of 1,701 square feet of properties for sale, with an estimated market value of $850,000.

    Sale prices for bank buildings in Westfield, NJ average $850,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 9
    Auto shops 2
    Automotive properties 2
    Drug stores 1
    Shopping centers 1

    Demographics Overview

    Population 31K
    Population Growth (5Y) +2.3%
    Median Household Income $212,700
    College Educated 56.9%

    Taxes & Financing

    Tax Rate (average for all types) 2.24%
    Property Tax per SF $7.71 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Union County

    New Delisted

    Total CRE Inventory on Market (SF)

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