Renovated Mixed-Use Property Near
348 South Ave East Westfield, NJ 07090
348 South Ave East, Westfield, NJ, 07090
$900,000
For Sale
$900,000
Renovated mixed-use property with high-end salon and apartment near train.
Property Size2,000 SF
Lot Size0.11 Acres
Price / SF$450
Days on Market220
Property Features for 348 South Ave East
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Lot size
- 0.11 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1989
Listing Agency
ERA SUBURB REALTY
(908) 322-4434
Listed by
GEORGE HANSEN
Source
Corcoran
Added: Dec 13, 2025 Updated: Jul 6 at 10:02 am Checked: Jul 20 at 3:49 am
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 ERA SUBURB REALTY
Investment Insights
Based on property information with market context.
This renovated mixed-use property is located just blocks from the train station. The first floor unit is a high-end salon. Above the salon is a two-bedroom, one-and-a-half bath apartment with a washer and dryer in the unit. Both units have separate central air and forced hot air heat. The property was completely renovated five years ago and features separate entrances and utilities, vinyl siding, and an asphalt shingle roof. There are seven off-street parking spaces. The property is highly visible and located in a high-traffic area. The property size is 2000 square feet. This property has many potential uses, including owner occupancy or portfolio building. It presents a great investment opportunity.
Key Highlights
- High traffic location near the train station.
- Renovated mixed‑use property with a high‑end salon and a 2‑bedroom apartment.
- Separate entrances and utilities for each unit.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.1k | $25.56 |
| − Vacancy | −$3.3k | −$1.65 |
| EGI | $47.8k | $23.91 |
| − OpEx | −$14.3k | −$7.17 |
| NOI | $33.5k | $16.74 |
2,000 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$478.2K
$418.4K – $557.9K
NOI $33,472 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$439.4K
$384.5K – $512.6K
NOI $30,756 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 4.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Platinum Lash Spa
Hair Salon
The Roofing Squad
Roofing Company
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Renovated mixed-use property with high-end salon and apartment near train.
Where is this mixed-use property located?
The property is located at 348 South Ave East Westfield, NJ.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: High traffic location near the train station.; Renovated mixed‑use property with a high‑end salon and a 2‑bedroom apartment.; Separate entrances and utilities for each unit.
