For Sale
$895,000

767 Central Ave Westfield, NJ 07090

Prime Westfield location, 4,200 sq ft, great investment.

Overview

Added:
Dec 11, 2024
Days on market:
136
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.

Highlights

  • 4,200 SF free-standing office building on a 0.252-acre lot in Westfield, NJ 07090.
  • Class B building, built in 1988, with 20 parking spaces.
  • Gross lease structure, currently 50% occupied with upper floor generating income.
  • Asking price: $895,000 ($213.10/SF).
  • Excellent visibility and accessibility in a thriving Westfield location.

Property Details for 767 Central Ave

Property type
Office properties
Square Feet
4,200 SF
Class
B
Year Built
1988
Stories
2
Lot Size (sq. ft)
10,977 SF

Location Insight

City
Westfield
County
Union
State
New Jersey
Latitude
40.6455193
Longitude
-74.3358253

FAQs

What type of property is this?
Office property - Prime Westfield location, 4,200 sq ft, great investment.
Where is the office property located?
The property is located at 767 Central Ave Westfield, NJ.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 4,200 SF free-standing office building on a 0.252-acre lot in Westfield, NJ 07090.; Class B building, built in 1988, with 20 parking spaces.; Gross lease structure, currently 50% occupied with upper floor generating income.
How can I contact the broker?
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767 Central Ave
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