Two-Unit Storefront
For Sale
Contact for pricing
307 W Westfield Ave, Roselle Park, NJ 07204
Two gutted retail suites retain plumbing hookups for customized interior buildout.
Property Size1,600 SF
Price / SF$1.00
Days on Market97
Property Features for 307 W Westfield Ave
General Information
Standard status
Active
Size
1,600 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1930
Buildings
1
Listing Agency:
AST REALTY, LLC
Listed By:
KYLE M. BOTA
(732) 854-9080
Source:
Goldstandardrealty
Added: Jul 11
Changed: Oct 7
Last Checked: Oct 7 at 4:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AST REALTY, LLC
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Investment Insights
Based on property information with market context.
This attached retail building contains two separate storefront units, each approximately 800 SF, with a combined area of approximately 1,600 SF. Both interiors have been fully gutted, allowing a future occupant to configure the space for its retail operation. Existing plumbing hookups remain from prior salon and travel-agency uses. The property was built in 1930 and includes off-street parking.
Located on W Westfield Ave in Roselle Park, the property is near the Garden State Parkway and the downtown areas of Roselle Park and Cranford. The surrounding area includes new development, with daily pedestrian and vehicle activity noted along the corridor.
Located on W Westfield Ave in Roselle Park, the property is near the Garden State Parkway and the downtown areas of Roselle Park and Cranford. The surrounding area includes new development, with daily pedestrian and vehicle activity noted along the corridor.
Key Highlights
- Two independent retail units of approximately 800 SF each
- Approximately 1,600 SF combined interior area
- Fully gutted spaces ready for customized buildout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,837
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,740
$456.7K
Cap Rate 7%
$326,243
$326.2K
Cap Rate 9%
$253,744
$253.7K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$34.6K $21.60/SF
− Vacancy
−$1.9K −$1.21/SF
EGI
$32.6K $20.39/SF
− OpEx
−$9.8K −$6.12/SF
NOI
$22.8K $14.27/SF
Area
Union County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,740
Cap Rate 7%
$326,243
Cap Rate 9%
$253,744
Alternative Uses
Best Use
Retail
$326.2K
$285.5K – $380.6K
NOI $22,837 @ 7.0% cap · market cap 1,431.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$417.8K
$365.6K – $487.4K
NOI $29,245 @ 7.0% cap · market cap 1,833.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,018
Businesses Nearby
90k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Home Improvements & Furnishings 33%
Electronics 5%
Dining 2%
The Home Depot
Home Improvements & Furnishings
29,814 visits/mo
0.5 miles
Dollar Tree
Shops & Services
19,289 visits/mo
0.3 miles
Chase Bank
Shops & Services
10,851 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,464 visits/mo
0.2 miles
AutoZone
Shops & Services
6,026 visits/mo
0.3 miles
Demographics for 07204, NJ
13,984
Population
5,373
Households
2.6
Avg Household Size
39
Median Age
39%
College-Educated
91%
High-School Grad
1.2 sq mi
ZIP Area
11,653
Density / Sq Mi
$104,418
Median Household Income
$55,974
Median Earnings
$1,585
Median Rent
$405,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Sam & Andy's Fruit Baskets — 619 E 3rd Ave, Roselle, NJ 07203
- Blooming Flowers — 126 Chestnut St, Roselle Park, NJ 07204
- Daphnee Lauren Events — 1 Westfield Ave W, Roselle Park, NJ 07204
Frequently Asked Questions
What type of property is this?
Storefront property - Two gutted retail suites retain plumbing hookups for customized interior buildout.
Where is this storefront property located?
The property is located at 307 W Westfield Ave Roselle Park, NJ.
What are key features of this property?
This property features: Two independent retail units of approximately 800 SF each; Approximately 1,600 SF combined interior area; Fully gutted spaces ready for customized buildout
