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$2,500,000
New Listing

1030 South Ave
Westfield Town, NJ 07090

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
9,122
SqFt
$274
/SqFt
2002
Built
County:
Union

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Call Now: (201) 889-1734
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(201) 889-1734
1030 South Ave1030 South Ave1030 South Ave1030 South Ave
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Exceptional investment opportunity! First time on market ever! This well-maintained mixed-use building in prime Westfield location offers strong income potential with both residential and commercial tenants. All leases are up for renewal except one commercial unit lease ends Feb 2028. The building features two commercial /storefront units, two 2-bedroom apartments and a 3-bedroom penthouse apartment currently all rented well below market value. Total projected new monthly income potential $21,831 translating to a Gross Operating Income (GOI) $261,975 annually. Estimated expenses (include taxes, utilities & insurance) $75,314. The new projected Net Operating Income (NOI) is estimated at a minimum of $186,661 annually, resulting in a 7.47% Cap Rate. (See included doc for more details). Units include premium features such as hardwood floors, modern open floor plans, Gym in building, Central AC, Laundry in-unit, handicap accessibility, elevator, dedicated parking. Bus to NYC stops in front of building. Located within walking distance to schools, NJ Transit & shops. Additionally, the property is in close proximity to the downtown areas of Fanwood and Scotch Plains, offers easy access to the Garden State Parkway, and is just a 25-minute drive to Newark Liberty International Airport.

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Listing Snapshot
Price 
$2,500,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
9,122 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
22,960 Acres
Year Built 
2002
MLS® Number 
4018092
Status 
Active
Property Tax 
$43,786
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
8 hours agoListing updated with changes from the MLS®
13 hours agoListing first seen on site
General Features
Acres 
22960
Garage 
Yes
Garage Spaces 
10
Number Of Stories 
3
Property Sub Type 
Mixed Use
Security 
Smoke Detector(s)
Sewer 
Public Sewer
SqFt Total 
9122
Utilities 
Natural Gas Available
Water Source 
Public
Zoning 
Mixed Use
Interior Features
Basement 
Partially Finished
Cooling 
Central Air
Heating 
ElectricForced AirNatural Gas
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Exterior Features
Construction Details 
Aluminum Siding
Lot Features 
Level
Roof 
Asphalt
Community Features
Accessibility Features 
Accessible Entrance
Listing courtesy of ELITE REALTORS OF NEW JERSEY

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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