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114 Central Ave

10,600 SF 95% Leased Flex Building Westfield, NJ 07090 $6,364,600 CAD ($600 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 $6,364,600 CAD
Price Per SF $600 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
Walk Score®
Walker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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.)
  • Listing ID: 29154761

  • Date on Market: 2023-08-01

  • Last Updated:

  • Address: 114 Central Ave, Westfield, NJ 07090

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