211 Westfield AveClark, NJ 07066

Property Details for 211 Westfield Ave

Year built

1889

Construction

FRAME

Lot size

0.69 AC

Property size (Sq ft)

5,234 SF

Zone code

CO

Property type

Commercial real estate

APN

02 00077-0000-00010

APU

200077000000010

Description

This exceptional 34,403-square-foot commercial land parcel is ideally situated at 211 Westfield Avenue in Clark, New Jersey, zip code 07066. Zoned DTV-Downtown Village, this property presents a rare opportunity for significant development. Its prime location offers unparalleled visibility and accessibility, boasting direct adjacency to established businesses such as CVS, Dunkin' Donuts, and Quick Check. The site benefits from its central position within a corridor experiencing substantial growth, with numerous development projects currently underway. The property's size and zoning allow for a variety of potential uses, subject to local approvals. While a 25-unit as-of-right development is possible, note that an existing funeral home is located on the property and should not be contacted directly. All inquiries must be made through the official channels. This exceptional location and substantial lot size make this a truly unique investment opportunity in a thriving New Jersey market. The property is located in Union County and offers excellent access to major transportation routes. This is a chance to acquire a significant piece of land in a rapidly developing area with high potential for return. The asking price for this remarkable property is $2,500,000.

• CAP approach

  CAP return

  Valuation

  6%

  $980,715

  6.5%

  $905,275

  7%

  $840,613

• Comparable approach

  Method

  Valuation

  Relative Method

  $683,874

  Geo Method

  $683,874

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,782,280

  Retail / Commercial

  $913,944

  Mixed-Use / Specialty

  $910,685

  Hospitality / Lodging

  $668,141

  Office

  $905,275

  Institutional / Educational

  $946,746

  Residential Income

  $1,107,690

  Multifamily

  $1,328,510

  Automotive / Energy

  $811,496

  Parking / Income-Based Land

  $280,038

  Restaurant / Food Service

  $473,654

  Healthcare / Senior Housing

  $933,891

Location Insight

City

Clark

County

Union

State

New Jersey

Latitude

40.6216

Longitude

-74.3036

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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