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Renovated Office Space with Amenities
For Lease
$1,050/Mo per office

560 Springfield Ave, Westfield, NJ 07090

Newly renovated office space with shared amenities and parking included.

Space SizeContact for details
Lot Size1.78 Acres
Days on Market773

Property Features for 560 Springfield Ave

General Information

Standard status Active
Lot size 1.78 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $164,525

Amenities

Central air
1 Unit Heating
Additional Parking
Blacktop Driveway
Central Air Cooling
Common Driveway

Building Details

Year Built 1968
Listing Agency: COLDWELL BANKER REALTY
Listed By: THERESE WARREN
Source: Corcoran
Added: Sep 16, 2024 Changed: Oct 25 Last Checked: Oct 28 at 9:07AM

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 COLDWELL BANKER REALTY

Rey
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Investment Insights

Based on property information with market context.

This newly renovated office space, updated in October 2023, measures 11.1 x 10.6 feet. It features access to a common area waiting room and kitchenette. The sublet includes unlimited parking located at the back of the building, providing direct access to Suite J. The landlord, who maintains an office within the suite, covers all utilities, including heating, cooling, internet, fax machine, trash disposal, and professional cleaning services twice per month. The shared waiting room is equipped with two TVs and seating for eight. Additional amenities include a refrigerator, sink, coat storage, shredder, electric fireplace with heat, massage chair, and dimming lights. An elevator provides building access, and public restrooms are located on the same floor outside the office suite. Desks are currently available in the office for tenant use. Please note that landlines are not provided.

Key Highlights

  • Newly renovated office space (Oct 2023).
  • All utilities included: heating, cooling, internet, fax, trash, and professional cleaning.
  • Shared amenities include a waiting room (seats 8) with TVs, kitchenette, refrigerator, sink, coat storage, shredder, electric fireplace with heat, massage chair, and dimming lights.

Property Analytics

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Current Use

Center for Breast Health ... Medical Clinic Parkview Dental of Westfield Dental Office Saint Barnabas Medical ... Medical Laboratory The Therapy Garage PC Physician U.S. PARMA Sports School

Suggested Use

Top Pick Real Estate Agency Restaurant Nail Salon Hair Salon Parking Lot & Garage Spa & Massage Center

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,046
Businesses Nearby

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
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Market

Lease Benchmarks for Westfield, NJ

$29.2 /SF/Yr
Avg Asking Price
$20–$36 /SF/Yr
Price Range
1,597 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Newly renovated office space with shared amenities and parking included.
Where is this office unit located?
The property is located at 560 Springfield Ave Westfield, NJ.
What is the lease rate?
The lease rate is $1,050/Mo per office.
What are key features of this property?
This property features: Newly renovated office space (Oct 2023).; All utilities included: heating, cooling, internet, fax, trash, and professional cleaning.; Shared amenities include a waiting room (seats 8) with TVs, kitchenette, refrigerator, sink, coat storage, shredder, electric fireplace with heat, massage chair, and dimming lights.
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