135 Westwood Ave 3,600 SF 69% Leased Retail Building Westwood, NJ 07675 $2,299,042 CAD ($638.62 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Mixed use building at the center of Westwood
EXECUTIVE SUMMARY
Please don't miss this rare opportunity to own this great mixed-use building in the heart of Westwood's Ave. at prime Westwood!! As the shopping strip with best traffic, only few steps away from NYC bus and train. The building offers a beautifully updated retail store with 1,767 SF plus 1,784SF of basement storage with office space for store's use. In addition there is a second floor five room apartment with over 1,100 SF. Separate back entrances for each. One assigned parking spot in rear of building next to back doors. Separate utilities for each floor. Newer roof, newer HVAC, new hot water heater, redone front facade, newer hardwood floors on 2nd floor apt. and updated store space.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,600 SF
Building Class
C
Year Built
1980
Price
$2,299,042 CAD
Price Per SF
$638.62 CAD
Cap Rate
5%
NOI
$115,024 CAD
Percent Leased
69%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.07
Lot Size
0.04 AC
Zoning
Commercial - Mixed use for retail and residential
Parking
1 Space per 1,000 SF Leased
Frontage
50’ on Westwood Ave
AMENITIES
- Bus Line
- Freeway Visibility
- Signage
Walk Score®
Very Walkable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 67-00908-0000-00010-0000-C000C | Total Assessment | $972,959 CAD (2024) |
| Land Assessment | $211,650 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $761,309 CAD (2024) | Tax Year | 2023 |
