1030 South Ave Westfield, NJ 07090
New
- Added:
- Apr 2, 2026
- Days on Market:
- 2
- Last Refresh:
- Apr 3 at 2:06 pm
Property Features for 1030 South Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Mixed Use
- Rooms
- Basement
- Parking features
- Assigned, Parking Lot
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 9,122 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 43786
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2002
- Floors in Building
- 3
- Number of units
- 5
- Building materials
- Vinyl Siding
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent PAMELA VANDENBERG-SMITH (973) 994-9009
Listing office ELITE REALTORS OF NEW JERSEY 160 S. LIVINGSTON AVENUE, Livingston, NJ (973) 994-9009
Listing date Apr 2, 2026
MLS# 4018092
Listing URL
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Westfield Mixed-Use Investment Opportunity
This mixed-use building in Westfield Town, NJ, presents an investment opportunity. The property includes two commercial storefront units, two 2-bedroom apartments, and a 3-bedroom penthouse apartment. All units are currently rented, with all leases up for renewal except for one commercial unit lease ending in February 2028. The building offers premium features such as hardwood floors, modern open floor plans, a gym, central AC, in-unit laundry, handicap accessibility, an elevator, and dedicated parking. The property has a projected new monthly income potential of $21,831, translating to a Gross Operating Income (GOI) of $261,975 annually. Estimated expenses, including taxes, utilities, and insurance, are $75,314. The new projected Net Operating Income (NOI) is estimated at a minimum of $186,661 annually, resulting in a 7.47% Cap Rate. The 0.23-acre property is located within walking distance to schools, NJ Transit, and shops. A bus to NYC stops in front of the building. In addition to being closely located to Westfield downtown, the property is in close proximity to the downtown areas of Fanwood and Scotch Plains. It also offers easy access to the Garden State Parkway and is a 25-minute drive to Newark Liberty International Airport. The property size is 9,122 square feet. It also presents a unique opportunity for owner occupancy.
Location Intelligence
Current Use by Public Records
BOC Partners
Advertising Agency
Law Office of Nadine ...
Law Firm
Location Insight
- Map
- Local Demand
- City
- Westfield
- County
- Union
- State
- New Jersey
- Longitude
- -74.3614769
- Latitude
- 40.6468965
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with residential and commercial units in Westfield, NJ.
Where is this mixed-use property located?
The property is located at 1030 South Ave Westfield, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: High Income Potential: Projected NOI of $186,661 annually, resulting in a 7.47% Cap Rate.; Prime Westfield Location: Walking distance to schools, NJ Transit, and shops; close to downtown areas of Fanwood and Scotch Plains.; Mixed‑Use Building: Features two commercial units, two 2‑bedroom apartments, and a 3‑bedroom penthouse apartment.
