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- LoopNet Team
1062 Westfield Ave
Rahway, NJ 07065
1026-1062 Westfield Ave, Rahway · Land For Sale
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0.38 AC
INVESTMENT HIGHLIGHTS
- The properties offer an excellent retail or mixed use development opportunity
- 1.5 miles from downtown Rahway and Train Station
- Daily traffic count of 20,013
- Rahway's downtown has seen a surplus of development over the last couple of years
PROPERTY FACTS
| Property Type | Land | Proposed Use | Mixed Use |
| Property Subtype | Commercial | Total Lot Size | 0.38 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.38 AC |
DESCRIPTION
1062-1066 Westfield Avenue and 1355 Madison Avenue is a 16,695 development opportunity located in Rahway, New Jersey. The properties resides at the corner of Westfield Avenue and Madison Avenue. The properties have the potential to be built into a single story, 5,000 square foot retail space with the 29 parking spaces or an approximately 12,521 two and a half story mixed use building. The opportunity is located a 1.5 miles from down town Rahway and the Rahway Train Station. The location experiences a daily traffic count of 20,013. The properties is located a block from of Robert Wood Johnson Hospital and has easy access to Route 27, Garden State Parkway, Route 1 & 9 and Interstate 95. Rahway's downtown has seen a surplus of development over the last couple of years. The downtown residential area has become transit oriented, the developments just blocks from the Rahway Train Station with a direct route into Manhattan. The development has sparked 500 new units, including, the five story, 219 unit The Reva and The Mint, a 116 luxury apartment b cuilding.
PROPERTY TAXES
| Parcel Number | 13-00187-0000-00002 | Improvements Assessment | $92,300 |
| Land Assessment | $80,800 | Total Assessment | $173,100 |
PROPERTY TAXES
