767 Central Ave 1 Westfield, NJ 07090
This exceptional two-story, 4,200 square foot free-standing office building is situated on a 0.252-acre lot in the desirable town of Westfield, New Jersey, zip code 07090. Built in 1988, this Class B property offers a gross lease structure and features ample parking with 20 spaces available. Currently, the building boasts 50% occupancy, with the upper floor generating immediate rental income. The asking price is $895,000, translating to $213.10 per square foot. This multi-tenant property presents a compelling investment opportunity for those seeking to own their space and benefit from long-term financial stability. The building's location in vibrant Westfield provides excellent visibility and accessibility. The property is ideal for business owners looking to establish a presence in a thriving community or investors seeking a strong return. This is a rare opportunity to acquire a well-located, income-generating commercial property in a highly sought-after New Jersey market. The property's traditional office layout offers flexibility for various business needs. Don't miss this chance to secure a valuable asset in a prime location.
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NCJAR - Westfield Association / Organization Real Estate Agent
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North Central Jersey School of Business Vocational School Training Center
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Smith & Williams Law Firm Injury and Accident Attorneys Law Firm
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Thomashow & Associates Tax Preparation
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
Similar Nearby for Lease
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.