1066 Westfield Ave, Rahway, NJ 07065-2041
This exceptional commercial property, located at 1066 Westfield Avenue in Rahway City, New Jersey, presents a unique investment opportunity. The 990-square-foot building sits on a 0.1-acre lot and is ideally situated near the intersection of Westfield Avenue and Broadway/Madison Avenue, ensuring high visibility and accessibility. Currently configured as a tire shop, the property boasts a recent top-to-bottom renovation, including a new roof, doors, and windows, updated electrical systems with LED lighting, and a new office with a half-bath. The interior features two heated and air-conditioned bays, providing ample workspace. Extensive parking is available, accommodating ten or more vehicles in the front and additional space at the rear. The property's strategic location within a high-traffic area guarantees consistent customer flow and substantial revenue potential. The asking price of $850,000 includes the real estate. This is a turnkey operation ready for immediate occupancy or further development. The property's zip code is 07065-2041, and it is located in Union County, New Jersey. This is an excellent opportunity to acquire a well-maintained, high-traffic commercial property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.