220 Broad StWestfield, NJ 07090

For Lease
  • Commercial real estate
  • 5,167 SF

Property Details for 220 Broad St

Year built
1900
Construction
BRICK
Lot size
0.07 AC
Property size (Sq ft)
5,167 SF
Property type
Commercial real estate
APN
20 03106-0000-00010
APU
2003106000000010

Description

This exceptional retail property, located at 220 Broad Street in the heart of a high-traffic downtown Union County area, offers two available commercial spaces ideal for a variety of businesses. The building boasts a total of 2,075 square feet, currently entirely vacant and ready for immediate occupancy. Each suite offers flexibility, with a minimum divisible space of 950 square feet and a maximum contiguous space of 1,125 square feet. The property features convenient rear alley parking, a significant advantage in a busy downtown setting. The building's prime location provides excellent street visibility, with a storefront frontage of 28.7 feet, ensuring high foot traffic and exposure for your business. This first-floor retail space presents a unique opportunity to establish or expand your presence in a thriving commercial district. The property is categorized as multi-tenant, offering potential for synergy with complementary businesses. The building's total of two suites allows for a manageable and efficient layout, perfect for smaller businesses or those seeking a more intimate commercial space. Don't miss this chance to secure a highly visible and accessible retail location in a desirable Union County area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $977,798
    Hospitality
    $895,658
    Educational
    $745,177
    Medical
    $770,805
    Retail
    $1,159,164
220 Broad St, Westfield, New Jersey

Location Insight

City
Westfield
County
Union
State
New Jersey
Latitude
40.652
Longitude
-74.3477
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
2023
$34,799
$1,110,000
$397,100
$1,507,100
-
$1,110,000
$397,100
$1,507,100

FAQs

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