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    407 South Ave Westfield, NJ 07090

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    For Sale
    $980,500

    Mixed-use property in Westfield's business district with parking.

    Lot size:
    0.14 Acres

    Property Features for 407 South Ave

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1932

    Source: COLDWELL BANKER REALTY Agent JOHN CLARK WILEY

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Westfield Mixed-Use Property For Sale

    Located in the bustling business district of Westfield's South Side, this property is situated across from the train station. It features two recently renovated commercial storefronts, currently occupied by a bakery and a market. The property also includes a two-plus-bedroom apartment upstairs. A rare, exclusive parking lot with approximately 14 parking spots is included. Development plans are available for this property.
    Insight Report Location Intelligence

    Current Use by Public Records

    Viktoria Seiz Café Dessert Restaurant Estella’s Minimarket Grocery Store

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Union
    State
    New Jersey
    Longitude
    -74.3479965
    Latitude
    40.6484965

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    FAQs

    What type of property is this?
    Storefront property - Mixed-use property in Westfield's business district with parking.
    Where is this storefront property located?
    The property is located at 407 South Ave Westfield, NJ.
    What is the asking price?
    The asking price for this property is $980,500.
    What are key features of this property?
    This property features: - Premier location in Westfield's South Side business district, directly across from the train station.; - Includes a rare, exclusive parking lot with approximately 14 parking spots.; - Features two recently renovated commercial storefronts (bakery and market).
    (908) 233-5555
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    407 South Ave Westfield, NJ 07090
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    Westfield, NJ 07090
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    407 South Ave Westfield, NJ 07090
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