Building Details

Year Built 1950

Listing Agency: FLOROSTONE REALTY INC. j***@florostone.com Show Phone

Listed By: JASMIN FLORES Show Phone

Source: Xome

Added: Aug 9, 2025 Changed: Aug 30 Last Checked: Aug 30 at 2:42PM

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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 FLOROSTONE REALTY INC.

Investment Insights

Based on property information with market context.

This flex space presents an open commercial interior that can be adapted to different operational layouts. Central air and laminate flooring are among the identified interior features, providing basic building improvements for a range of business configurations.

Built in 1950, the property is located at 551 Westminster Ave in Elizabeth, New Jersey. The exterior record identifies commercial use and reports dimensions of 54X100.87, 54X100.87.

Key Highlights

• Open‑concept commercial interior
• Central air conditioning
• Laminate flooring

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Veterinary Clinic Tanning Salon Clothing & Fashion Store Pet Grooming Service

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

Location Intelligence

Trade Area within ½ mile

1,829

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 07208, NJ

33,561

Population

12,958

Households

2.6

Avg Household Size

37

Median Age

21%

College-Educated

81%

High-School Grad

1.8 sq mi

ZIP Area

18,645

Density / Sq Mi

$61,873

Median Household Income

$36,373

Median Earnings

$1,364

Median Rent

$425,600

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Open commercial interior with laminate flooring supports a range of customizable business layouts.

Where is this flex space located?

The property is located at 551 WESTMINSTER AVE Elizabeth, NJ.

What are key features of this property?

This property features: Open‑concept commercial interior; Central air conditioning; Laminate flooring