114 Central Ave
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114 Central Ave
10,600 SF 95% Leased Flex Building Westfield, NJ 07090 $6,350,080 CAD ($599.06 CAD/SF)
EXECUTIVE SUMMARY
Prominent 94% leased and occupied, professionally managed and well maintained two-story mixed-use retail & office building totaling 10,600 SF. Prime corner location which affords outstanding visibility to pedestrians and vehicular traffic within the highly regarded downtown Westfield. The building has achieved long term stabilization and serves a densely populated area with a substantial daytime population. Existing retail tenants include N&C Jewelers, Learning Express Toy, Reves Smoothie Bar, and T-Mobile, while also being situated adjacent Warby Parker, Starbucks, Athleta and Banana Republic along other prominent retailers and restaurants. This acquisition is a prime 1031 Exchange and value add opportunity.
PROPERTY FACTS
| Price | $6,350,080 CAD | Lot Size | 0.15 AC |
| Price Per SF | $599.06 CAD | Rentable Building Area | 10,600 SF |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Flex | Year Built | 1952 |
| Building Class | C |
| Price | $6,350,080 CAD |
| Price Per SF | $599.06 CAD |
| Sale Type | Investment |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 0.15 AC |
| Rentable Building Area | 10,600 SF |
| No. Stories | 2 |
| Year Built | 1952 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 2nd Fl-Ste 3
- 500 SF
- Office/Retail
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 3 | 500 SF | Office/Retail | Full Build-Out | Now |
2nd Fl-Ste 3
| Size |
| 500 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
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Walk Score®
Walker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 20-03106-0000-00013 | Improvements Assessment | $1,168,387 CAD |
| Land Assessment | $2,723,117 CAD | Total Assessment | $3,891,504 CAD |
PROPERTY TAXES
Parcel Number
20-03106-0000-00013
Land Assessment
$2,723,117 CAD
Improvements Assessment
$1,168,387 CAD
Total Assessment
$3,891,504 CAD
ZONING
| Zoning Code | CBD (Allows for retail sales of goods and personal services.) |
| CBD (Allows for retail sales of goods and personal services.) |
(908) 604-6900
x119
CONTACTS
-
Christian Harrington -
Joel Tomlinson -
Silbert Realty & Management Co., Inc.
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114 Central Ave
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