Breakfast and Lunch
For Sale
Under Contract
$299,000
339 South Avenue W, Westfield, NJ 07090
Business Opportunity, Westfield, NJ
Property Size1,000 SF
Lot Size0.34 Acres
Price / SF$299
Days on Market140
Property Features for 339 South Avenue W
General Information
Property type
Residential
Property subtype
Retail
Lot features
Near Train
Standard status
Active Under Contract
APN
2003004000000001
Size
1,000 SF
Lot size
0.34 Acres
Utilities
Water source
Public
Listing Agency:
KELLER WILLIAMS ELITE REALTORS · Keller Williams Realty
(732) 549-1998
Listed By:
Kiran Mali · License #408602
(463) 250-3928
Added: Jun 18
Changed: Oct 17
Last Checked: Nov 4 at 11:06AM
MLS# 2617830R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This operating restaurant is configured for breakfast and lunch, with dinner service currently paused. The approximately 1,000-square-foot main area combines dining space, a counter, and kitchen. A roughly 750-square-foot basement provides storage and includes a vegetable cooler. Seating accommodates about 40 guests indoors and 10 outdoors. Kitchen equipment is maintained, and staff are in place; the seller can assist with training during the transition.
The corner building sits across from the Westfield Train Station at a busy intersection. Public transportation is nearby, and the property has a glass facade.
The corner building sits across from the Westfield Train Station at a busy intersection. Public transportation is nearby, and the property has a glass facade.
Key Highlights
- Approximately 1,000 square feet of dining, counter, and kitchen area
- About 750‑square‑foot basement with storage and a vegetable cooler
- Seating for about 40 indoors and 10 outdoors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,293
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,860
$305.9K
Cap Rate 7%
$218,471
$218.5K
Cap Rate 9%
$169,922
$169.9K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$21.6K $21.60/SF
− Vacancy
−$1.2K −$1.21/SF
EGI
$20.4K $20.39/SF
− OpEx
−$5.1K −$5.10/SF
NOI
$15.3K $15.29/SF
Area
Union County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,860
Cap Rate 7%
$218,471
Cap Rate 9%
$169,922
Alternative Uses
Best Use
Specialty Retail
$218.5K
$191.2K – $254.9K
NOI $15,293 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,396
Businesses Nearby
57k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 76%
Shops & Services 12%
Beauty & Spa 12%
ShopRite
Groceries
43,429 visits/mo
0.4 miles
Massage Envy
Beauty & Spa
3,600 visits/mo
0.5 miles
All Seasons Self Storage Inc
Shops & Services
3,355 visits/mo
0.4 miles
European Wax Center
Beauty & Spa
3,158 visits/mo
0.5 miles
Mavis Discount Tire
Shops & Services
3,001 visits/mo
0.1 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
Similar Off Market Nearby
- Bagel Chateau — 223 South Avenue E, Westfield, NJ 07090
Frequently Asked Questions
What type of property is this?
Breakfast & diner - An operating eatery offers customer seating, a counter, kitchen space, and basement storage with a vegetable cooler.
Where is this breakfast & diner located?
The property is located at 339 South Avenue W Westfield, NJ.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Approximately 1,000 square feet of dining, counter, and kitchen area; About 750‑square‑foot basement with storage and a vegetable cooler; Seating for about 40 indoors and 10 outdoors
