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100 Quimby St 11,600 SF 100% Leased Retail Building Westfield, NJ 07090 For Sale
INVESTMENT HIGHLIGHTS
- Located within Westfield Central Business District and well know for its attractive downtown environment and vibrant downtown shopping and restaurant
- Municipal parking opposite and metered street parking along Quimby Street and Central Ave
- Zoning allows for potential redevelopment to include 3rd floor residential
- Westfield NJ Transit Rail Station located two blocks east and within immediate proximity to major highways including Route 22 & 28, GSP, and I-78
- A number of the leases are below market, presenting upside potential for rental growth upon turnover or reletting
EXECUTIVE SUMMARY
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.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,600 SF
Building Class
C
Year Built
1935
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.90
Lot Size
0.14 AC
Zoning
CBD - The CBD zone district is intended to encourage retail sales, retail services, personal services, offices, and residential dwelling units.
Walk Score®
Walker's Paradise (97)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 20-03106-0000-00013 | Improvements Assessment | $823,800 |
| Land Assessment | $1,920,000 | Total Assessment | $2,743,800 |
PROPERTY TAXES
Parcel Number
20-03106-0000-00013
Land Assessment
$1,920,000
Improvements Assessment
$823,800
Total Assessment
$2,743,800
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100 Quimby St
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