767 Central AveWestfield, NJ 07090

Property Details for 767 Central Ave

Year built

1988

Lot size

0.25 AC

Property size (Sq ft)

4,200 SF

Property type

Commercial real estate

APN

20 04008-0000-00020

APU

2004008000000020

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $794,804

  Hospitality

  $728,036

  Educational

  $605,718

  Medical

  $626,549

  Retail

  $942,228

Location Insight

City

Westfield

County

Union

State

New Jersey

Latitude

40.6456

Longitude

-74.3357

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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