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Investment Highlights
- Investors and owner/users can capitalize on this flex and multi-purpose asset perfect for multiple or single tenant occupancy.
- Strategic mix of showroom, warehouse, and office space allows for a wide range of potential businesses on site creating a synergistic mix.
- Prominent placement on Route 28 allows for efficient access to Downtown as well as the whole Twin Cities region.
- Area demographics bode well for buyers with a population on the rise and average household incomes within 5 miles ringing in at $114,138.
Executive Summary
Look no further than 472 E Westfield Avenue, a prime flex and light manufacturing property in Minneapolis.
This impressive 16,854-square-foot multi-tenant flex and light manufacturing building, situated on approximately 0.70 acres, presents a compelling opportunity for both investors and owner/users. Formerly home to the well-regarded Garden State Tile showroom and warehouse, the property offers a thoughtfully designed blend of showroom, warehouse, and office space making it especially attractive for retail-focused businesses, distributors, light assembly operations, or flex users seeking versatility and efficiency. The building features exceptional warehouse space with varying clear ceiling heights. Warehouse 1 offers 12–14 feet, Warehouse 2 provides 20 feet, and Warehouse 3 boasts an impressive 27 feet, delivering outstanding functionality for storage and operational needs. Key logistical advantages include a dedicated loading dock and drive-in doors, ensuring smooth loading and unloading as well as excellent truck access. Located within Roselle Park’s B-3 Arterial Business District, the property benefits from favorable zoning that supports a wide spectrum of commercial uses along major corridors like NJ Route 28 (Westfield Avenue). Permitted uses encompass moderate retail, services, offices, banks and financial institutions, restaurants (excluding drive-ins), and select light manufacturing or processing (with restrictions on electric motor load and steam pressure for compatibility). The district’s flexible framework encourages high-visibility business operations ideal for those seeking showroom, warehouse, and light industrial flex space.
Strategically located on NJ Route 28 (Westfield Avenue), a major arterial thoroughfare in Union County, this property benefits from strong daily traffic counts. It enjoys unparalleled visibility and easy accessibility. The site is minutes from Garden State Parkway Exit 137 and offers quick access to Interstate 78 and the New Jersey Turnpike, which are only 3 to 5 miles away. These connections make it an ideal hub for businesses that depend on logistics and distribution. Additionally, the property is about 7 miles from Newark Liberty International Airport, further enhancing its appeal. This convenient location is a premier choice for organizations seeking efficient shipping, receiving, or employee commutes. Buyers can maximize operational efficiency and market reach with this competitive advantage.
This impressive 16,854-square-foot multi-tenant flex and light manufacturing building, situated on approximately 0.70 acres, presents a compelling opportunity for both investors and owner/users. Formerly home to the well-regarded Garden State Tile showroom and warehouse, the property offers a thoughtfully designed blend of showroom, warehouse, and office space making it especially attractive for retail-focused businesses, distributors, light assembly operations, or flex users seeking versatility and efficiency. The building features exceptional warehouse space with varying clear ceiling heights. Warehouse 1 offers 12–14 feet, Warehouse 2 provides 20 feet, and Warehouse 3 boasts an impressive 27 feet, delivering outstanding functionality for storage and operational needs. Key logistical advantages include a dedicated loading dock and drive-in doors, ensuring smooth loading and unloading as well as excellent truck access. Located within Roselle Park’s B-3 Arterial Business District, the property benefits from favorable zoning that supports a wide spectrum of commercial uses along major corridors like NJ Route 28 (Westfield Avenue). Permitted uses encompass moderate retail, services, offices, banks and financial institutions, restaurants (excluding drive-ins), and select light manufacturing or processing (with restrictions on electric motor load and steam pressure for compatibility). The district’s flexible framework encourages high-visibility business operations ideal for those seeking showroom, warehouse, and light industrial flex space.
Strategically located on NJ Route 28 (Westfield Avenue), a major arterial thoroughfare in Union County, this property benefits from strong daily traffic counts. It enjoys unparalleled visibility and easy accessibility. The site is minutes from Garden State Parkway Exit 137 and offers quick access to Interstate 78 and the New Jersey Turnpike, which are only 3 to 5 miles away. These connections make it an ideal hub for businesses that depend on logistics and distribution. Additionally, the property is about 7 miles from Newark Liberty International Airport, further enhancing its appeal. This convenient location is a premier choice for organizations seeking efficient shipping, receiving, or employee commutes. Buyers can maximize operational efficiency and market reach with this competitive advantage.
Property Facts
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Utilities
- Lighting
- Gas - Natural
- Water
- Sewer
- Heating
1 1
Walk Score®
Very Walkable (78)
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
New York
8,398,748
19
0 h 35 m
Philadelphia
1,584,138
78
1 h 40 m
Washington
702,455
211
4 h 22 m
Boston
694,583
231
4 h 54 m
Columbus
892,533
551
10 h 24 m
Detroit
672,662
612
11 h 30 m
Access and Labor Force
10 Miles
Total Population
2,106,271
Total Labor Force
1,131,675
Unemployment Rate
5.24%
Median Household Income
$88,660
Warehouse Employees
173,784
High School Education Or Higher
87.90%
Property Taxes
| Parcel Number | 15-01116-0000-00006 | Improvements Assessment | $1,004,100 |
| Land Assessment | $450,000 | Total Assessment | $1,454,100 |
Property Taxes
Parcel Number
15-01116-0000-00006
Land Assessment
$450,000
Improvements Assessment
$1,004,100
Total Assessment
$1,454,100
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