1030 South Ave Westfield, NJ 7090
Mixed-use building with residential and commercial units in prime location.
Type:Commercial
Property size:
9,122 SF- Added:
- Apr 2, 2026
- Days on Market:
- 16
- Last Refresh:
- Apr 2 at 8:10 pm
Property Features for 1030 South Ave
General Information
- Standard status
- Active
- Size
- 9,122 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2002
Listing agent PAMELA VANDENBERG-SMITH
Listing office ELITE REALTORS OF NEW JERSEY (973) 994-9009
Listing date Apr 2, 2026
Source Corcoran
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Overview
Westfield Mixed-Use Investment Opportunity
This well-maintained mixed-use building, located in a prime Westfield location, presents an investment opportunity. The property features two commercial storefront units, two 2-bedroom apartments, and a 3-bedroom penthouse apartment. All units are currently rented below market value. One commercial unit lease ends in February 2028, with all other leases up for renewal. The building includes 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 offers a total 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 building is located within walking distance to schools and NJ Transit shops. A bus to NYC stops in front of the building. The property is in close proximity to the downtown areas of Fanwood and Scotch Plains, with easy access to the Garden State Parkway and a 25-minute drive to Newark Liberty International Airport. This property also presents a unique opportunity for owner occupancy. The property size is 9,122 square feet.
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
- -74.3613505
- Latitude
- 40.6468932
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FAQs
What type of property is this?
Mixed-use property - Mixed-use building with residential and commercial units in prime location.
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 Net Operating Income (NOI) of $186,661 annually, resulting in a 7.47% Cap Rate.; Prime Westfield Location: Mixed‑use building in a desirable area, walking distance to schools, NJ Transit, and shops.; Strong Rental Income: Combination of commercial and residential tenants with significant upside as all leases are up for renewal except one.
