1053 Westfield AveRahway, NJ 07065

  • Other commercial real estate
  • 0.17 AC
For Sale
$599,000 View listing

Property Details for 1053 Westfield Ave

Year built
1960
Lot size
0.17 AC
Property type
Other commercial real estate
APN
13 00188-0000-00003
APU
1300188000000003

Description

This exceptional 2,450 square foot freestanding office building is ideally situated in Rahway, NJ, at 1053 Westfield Ave, Unit 1053. The property boasts a convenient location within a B-1 Neighborhood Business zone, ensuring a wide range of permitted uses. The building is in excellent condition and sits on a 0.2-acre lot, providing ample parking with a private 8-car blacktop parking area. Easy ingress and egress make it highly accessible for clients and customers. Previously utilized as a doctor's office for over two decades, this adaptable space presents a fantastic opportunity for a variety of businesses. A comprehensive list of permitted uses, subject to municipal approval, is available. The building's versatile layout allows for customization to suit the specific needs of the new owner. This prime location offers significant potential for growth and success. The asking price is $599,000. This presents a rare opportunity to acquire a well-maintained, conveniently located commercial property in a thriving area. Don't miss this chance to establish your business in this desirable location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,419,483
    Hospitality
    $1,300,238
    Educational
    $1,081,783
    Medical
    $1,118,987
    Retail
    $1,682,774
1053 Westfield Ave, Rahway, New Jersey

Location Insight

City
Rahway
County
Union
State
New Jersey
Latitude
40.6163
Longitude
-74.2908
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$15,232
$78,800
$134,200
$213,000
-
$78,800
$134,200
$213,000

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