10 Prospect St
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10 Prospect St
3,480 SF Vacant Retail Building Westfield, NJ 07090 $2,100,000 ($603/SF)
Investment Highlights
- ±3,480 SF Freestanding Retail/ Office Building
- Across the Street from the Westfield Train Station
- Potential For 2 Separate Users
- Prime Location in the Heart of Downtown Westfield
- Variety of Ideal Retail/ Office Uses
- 2 Dedicated On-Site Parking Spaces
Executive Summary
FOR SALE: Freestanding Retail Office/ Building in the Heart of Downtown Westfield.
Located at the intersection of North Ave West and Prospect Street, the property is directly across from the Westfield Train station and a block from Central Ave. It is walking distance to all the shops, restaurants and amenities that Westfield has to offer.
The property totals ±3,480 SF spread over two floors and has multiple entrances. As an added bonus, the property has two dedicated on-site parking spaces, with available street parking directly in front.
Due to its prime location, the property lends itself to a variety of Ideal Uses such as:
• Retail: Clothing, Convenience, Liquor, Boutique, etc.
• Restaurants, Cafe’s, Bakery, etc.
• Professional Office: Law, Accounting, IT Staffing, IT Consulting, Architectural, Engineering, Graphic Design, Advertising, Real Estate, Title, etc.
• Fitness: Pilates, Yoga Studio, Personal Training, etc.
• Medical Office: Physical Therapy, Wellness Center, Eye Care, Orthopedics, Podiatry, etc.
• Dental Office: General Dentistry, Orthodontics, Oral Surgery, Periodontics, etc.
The property has two separate suites with separate entrances, making it ideal for two occupants if needed. Potential to occupy the first or second floor and rent the other floor for income. Also potential to convert the second floor to two residential apartments (buyer to confirm with township). Property is ideal for retail on the ground floor and office/apartments on the second floor. Also potential to live/ work at the property.
PROPERTY FEATURES:
• ±3,480 SF on Two Levels
• First Floor Features large visible windows and natural light, wide open customizable floorpan, several private offices, a lab/workroom and a rear storage room and bathroom.
• Second Floor Features three separate large offices, two bathrooms, beautiful hardwood floors and lots of natural light.
• Beautiful Common Entry Foyer for access to each floor with High Ceilings and Side Entrance.
• Two On-Site Dedicated Parking Spaces
• Separate Utility Metering for Each Floor
• Four Furnaces and Three Central Air Conditioning Units
• Secondary Front Entrance to Second Floor Unit
• Asking Price: $2,100,000
• Real Estate Taxes: $24,706 per year
This prime location in the center of Westfield will not last. Perfect for companies from NYC looking to relocate to Westfield. Easy access for commuters, employees or customers with access to the train directly across the street. Also ideal for local Westfield tenants tired of renting and looking to own their property, or investors looking for a desirable asset in a prestigious area.
Please call for more information or to schedule a showing of this fantastic property.
Located at the intersection of North Ave West and Prospect Street, the property is directly across from the Westfield Train station and a block from Central Ave. It is walking distance to all the shops, restaurants and amenities that Westfield has to offer.
The property totals ±3,480 SF spread over two floors and has multiple entrances. As an added bonus, the property has two dedicated on-site parking spaces, with available street parking directly in front.
Due to its prime location, the property lends itself to a variety of Ideal Uses such as:
• Retail: Clothing, Convenience, Liquor, Boutique, etc.
• Restaurants, Cafe’s, Bakery, etc.
• Professional Office: Law, Accounting, IT Staffing, IT Consulting, Architectural, Engineering, Graphic Design, Advertising, Real Estate, Title, etc.
• Fitness: Pilates, Yoga Studio, Personal Training, etc.
• Medical Office: Physical Therapy, Wellness Center, Eye Care, Orthopedics, Podiatry, etc.
• Dental Office: General Dentistry, Orthodontics, Oral Surgery, Periodontics, etc.
The property has two separate suites with separate entrances, making it ideal for two occupants if needed. Potential to occupy the first or second floor and rent the other floor for income. Also potential to convert the second floor to two residential apartments (buyer to confirm with township). Property is ideal for retail on the ground floor and office/apartments on the second floor. Also potential to live/ work at the property.
PROPERTY FEATURES:
• ±3,480 SF on Two Levels
• First Floor Features large visible windows and natural light, wide open customizable floorpan, several private offices, a lab/workroom and a rear storage room and bathroom.
• Second Floor Features three separate large offices, two bathrooms, beautiful hardwood floors and lots of natural light.
• Beautiful Common Entry Foyer for access to each floor with High Ceilings and Side Entrance.
• Two On-Site Dedicated Parking Spaces
• Separate Utility Metering for Each Floor
• Four Furnaces and Three Central Air Conditioning Units
• Secondary Front Entrance to Second Floor Unit
• Asking Price: $2,100,000
• Real Estate Taxes: $24,706 per year
This prime location in the center of Westfield will not last. Perfect for companies from NYC looking to relocate to Westfield. Easy access for commuters, employees or customers with access to the train directly across the street. Also ideal for local Westfield tenants tired of renting and looking to own their property, or investors looking for a desirable asset in a prestigious area.
Please call for more information or to schedule a showing of this fantastic property.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,480 SF
Building Class
C
Year Built
1910
Price
$2,100,000
Price Per SF
$603
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.08 AC
Parking
2 Spaces (0.57 Spaces per 1,000 SF Leased)
Walk Score ®
Walker's Paradise (97)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 20-03105-0000-00019 | Improvements Assessment | $190,700 |
| Land Assessment | $879,300 | Total Assessment | $1,070,000 |
PROPERTY TAXES
Parcel Number
20-03105-0000-00019
Land Assessment
$879,300
Improvements Assessment
$190,700
Total Assessment
$1,070,000
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