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Multi-Tenant Retail Suites
For Lease
$4,999/Mo Modified Gross

321 South Ave, Westfield, NJ 07090

The spaces may be leased individually or combined, with separate entrances serving each unit.

Space Size400 SF
Days on Market11

Property Features for 321 South Ave

General Information

Standard status Active
Size 400 SF
Net Rentable 400 SF
Zoning Commercial G
Lease Type Modified Gross

Space & Availability

Available Space 400 SF
Space Use Retail

Taxes and HOA fees

Annual Taxes $44,979

Amenities

shared rear parking lot

Building Details

Year Built 1915
Tenancy Multi
Listing Agency: KELLER WILLIAMS ELITE REALTORS
Listed By: KIRAN MALI · License #408602
Source: Evrealestate
Added: Sep 26 Changed: Sep 28 Last Checked: Oct 5 at 6:25PM

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 KELLER WILLIAMS ELITE REALTORS

Investment Insights

Based on property information with market context.

Two vacant retail spaces are offered within a multi-tenant building at 321 South Ave. Unit A contains approximately 750 square feet, while Unit B offers approximately 400 square feet. Each has its own entrance, and the spaces can be leased separately or together. Unit B does not currently have a bathroom; any tenant-specific work remains subject to township requirements.

The property is in downtown Westfield, across from the NJ Transit train station, and has shared parking at the rear. Commercial General zoning applies; prospective tenants should confirm that their intended use is permitted with the Township. The lease structure is modified gross, with the tenant reimbursing a pro-rata share of real estate taxes, sewer tax, and building insurance.

Key Highlights

  • Approximately 750 square feet in Unit A and 400 square feet in Unit B
  • Available separately or together, with individual entrances
  • Commercial General zoning; confirm proposed use with the Township

Property Analytics

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Current Use

Splash of Thai Restaurant Westfield Station Parking Lot & Garage

Suggested Use

Top Pick Auto Parts Store Hotel & Motel (Bike/Boat/Book/etc) Store Computer & Electronic Repair Grocery & Convenience Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

2,705
Businesses Nearby
26k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 88% Shops & Services 12%
Stop & Shop Groceries
22,563 visits/mo 0.4 miles
Mavis Discount Tire Shops & Services
3,001 visits/mo 0.5 miles

Demographics for 07090, NJ

31,056
Population
11,093
Households
2.8
Avg Household Size
41
Median Age
77%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
4,635
Density / Sq Mi
$212,700
Median Household Income
$106,123
Median Earnings
$2,211
Median Rent
$930,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - The spaces may be leased individually or combined, with separate entrances serving each unit.
Where is this retail space located?
The property is located at 321 South Ave Westfield, NJ.
What is the lease rate?
The lease rate is $4,999/Mo.
What are key features of this property?
This property features: Approximately 750 square feet in Unit A and 400 square feet in Unit B; Available separately or together, with individual entrances; Commercial General zoning; confirm proposed use with the Township
More about this property
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