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    FOR SALE
    Storefront properties

    1030 South Ave Westfield, NJ 07090

    9,122 SF Built 2002
    Property ID
    US59-2579232
    1030 South Ave, Westfield, NJ 07090 For Sale 1 / 49
    $1,999,000 9,122 SF
    1030 South Ave, Westfield, NJ 07090
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    Property summary
    AI-generated overview

    Exceptional investment opportunity! First time on market ever! This well-maintained mixed-use building in prime Westfield location offers strong income potential with both residential and commercial tenants. All leases are up for renewal except one commercial unit lease ends Feb 2028. The building features two commercial /storefront units, two 2-bedroom apartments and a 3-bedroom penthouse apartment currently all rented well below market value. Units include premium features such as hardwood floors, modern open floor plans, Gym in building, Central AC, Laundry in-unit, handicap accessibility, elevator, dedicated parking. Bus to NYC stops in front of building. Located within walking distance to schools, NJ Transit shops. In addition to being closely located to Westfield downtown, the property is in close proximity to the downtown areas of Fanwood and Scotch Plains as well. Easy access to the Garden State Parkway and just a 25-minute drive to Newark Liberty International Airport. Also unique opportunity for owner occupancy! This is an AS IS sale with no known defects!

    Property profile
    Verified
    Property type Storefront properties
    Year built 2002
    Total area 9,122 SF
    UPID US59-2579232
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • BOC Partners Advertising Agency Marketing & Advertising
    • Law Office of Nadine B. Amaya, P.C. Law Firm
    2 occupants on record
    Value estimations
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    Owner & transaction history
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    Zoning & alternative use
    Permitted uses
    Permitted uses
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    1030 South Ave, Westfield, NJ, 07090
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