Turnkey Corner Breakfast
For Sale
$299,000
339 South Avenue W, Westfield, NJ 07090
SINGLE_FAMILY - Westfield, NJ
Property Size1,000 SF
Price / SF$299
Days on Market53
Property Features for 339 South Avenue W
General Information
Property type
Residential
Property subtype
Retail
Lot features
Near Train
Standard status
Active
APN
2003004000000001
Size
1,000 SF
Utilities
Water source
Public
Listing Agency:
KELLER WILLIAMS ELITE REALTORS · Keller Williams Realty
(732) 549-1998
Listed By:
Kiran Mali
(732) 549-1998
Added: Jun 18
Changed: Jun 25
Last Checked: Aug 9 at 4:06AM
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.
Investment Insights
Based on property information with market context.
This turnkey restaurant offering is set up for a ready take over, with a breakfast and lunch focus and a current pause in dinner service. The space includes approximately 1,000 square feet dedicated to seating, a counter, and kitchen area, designed to support walk-in dining and quick orders. There is also an approximately 750 square foot basement that provides ample storage plus a vegetable cooler, supporting day-to-day production and inventory needs. The kitchen and equipment are described as meticulously maintained, and staff is reportedly in place. Seller training is available during the handover period.
The building is positioned as a high-visibility corner property with a glass facade on a busy intersection opposite the Westfield Train Station. Ample parking is available, and proximity to public transportation supports convenient access for both customers and employees.
For operators seeking a restaurant with established service flow and existing infrastructure, this concept is built around counter and seating for breakfast and lunch, with about 40 inside seats and about 10 outside. The combination of a maintained kitchen, ready-to-run layout, and documented ability to train through transition makes it well suited for an experienced operator or a hospitality team looking to step into an operating restaurant.
The building is positioned as a high-visibility corner property with a glass facade on a busy intersection opposite the Westfield Train Station. Ample parking is available, and proximity to public transportation supports convenient access for both customers and employees.
For operators seeking a restaurant with established service flow and existing infrastructure, this concept is built around counter and seating for breakfast and lunch, with about 40 inside seats and about 10 outside. The combination of a maintained kitchen, ready-to-run layout, and documented ability to train through transition makes it well suited for an experienced operator or a hospitality team looking to step into an operating restaurant.
Key Highlights
- Running restaurant business available for takeover at a busy corner intersection opposite the Westfield Train Station
- Approx. 1,000 sq ft with seating, counter, and kitchen area plus about a 750 sq ft basement for storage and a vegetable cooler
- Dining capacity of about 40 inside seats plus about 10 outside seats
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,293
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,471
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Stop & Shop
Groceries
22,563 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Fanwood Bagels & Deli — 32 S Martine Ave, Fanwood, NJ 07023
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Take over a maintained breakfast and lunch operation with indoor counter/kitchen space and seasonal outdoor seating.
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: Running restaurant business available for takeover at a busy corner intersection opposite the Westfield Train Station; Approx. 1,000 sq ft with seating, counter, and kitchen area plus about a 750 sq ft basement for storage and a vegetable cooler; Dining capacity of about 40 inside seats plus about 10 outside seats
