100 Quimby St - Storefront Retail/Office FOR SALE


Westfield, NJ 07090
$3,550,000 USD
908-432-4352
100 Quimby St, Westfield, NJ for Sale
$3,550,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | Request Cap Rate

100 Quimby St
Westfield, NJ 07090


HIGHLIGHTS

  • Located within Westfield Central Business District and well know for its attractive downtown environment and vibrant downtown shopping and restaurant
  • Westfield NJ Transit Rail Station located two blocks east and within immediate proximity to major highways including Route 22 & 28, GSP, and I-78
  • Municipal parking opposite and metered street parking along Quimby Street and Central Ave
  • A number of the leases are below market, presenting upside potential for rental growth upon turnover or reletting
  • Zoning allows for potential redevelopment to include 3rd floor residential

OVERVIEW

Prominent 11,600 SF fully leased and occupied, professionally managed and well maintained two-story mixed-use retail & office building offered for sale. Prime corner location which affords outstanding visibility to pedestrians and vehicular traffic within highly regarded Westfield. The building has continued to achieve long term stabilization and serves a densely populated area with a significant daytime population. This opportunity is situated adjacent Warby Parker, Starbucks, Athleta and Banana Republic among other prominent retailers and restaurants. This acquisition is a prime 1031Exchange or Investor value add opportunity.

FOR SALE DETAILS

PRICE

$3,550,000 USD

PRICE/SF

$306 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

CBD

APN/PARCEL ID

20-03106-0000-00013

ASK ABOUT THIS PROPERTY

Joel TomlinsonSilbert Realty & Management Co., Inc.More Info
908-432-4352

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Joel TomlinsonSilbert Realty & Management Co., Inc.More Info
908-432-4352

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.