Date
Details
Price
Change
Source
4/02/2026
Listed
$2,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$2,500,000 Just Listed
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Property Description
Exceptional investment opportunity! First time on market ever! This well-maintained mixed-use building in prime Westfield location offers strong income potential with both residential and commercial tenants. All leases are up for renewal except one commercial unit lease ends Feb 2028. The building features two commercial /storefront units, two 2-bedroom apartments and a 3-bedroom penthouse apartment currently all rented well below market value. Total projected new monthly income potential $21,831 translating to a Gross Operating Income (GOI) $261,975 annually. Estimated expenses (include taxes, utilities & insurance) $75,314. The new projected Net Operating Income (NOI) is estimated at a minimum of $186,661 annually, resulting in a 7.47% Cap Rate. (See included doc for more details). Units include premium features such as hardwood floors, modern open floor plans, Gym in building, Central AC, Laundry in-unit, handicap accessibility, elevator, dedicated parking. Bus to NYC stops in front of building. Located within walking distance to schools, NJ Transit & shops. In addition to being closely located to Westfield downtown, the property is in close proximity to the downtown areas of Fanwood and Scotch Plains as well. Easy access to the Garden State Parkway and just a 25-minute drive to Newark Liberty International Airport. Also unique opportunity for owner occupancy!
Full Property Details
Full Property Details for 1030 South Ave
General
- Price: $2,500,000
- Taxes: $43,786 (2025)
- Status: Active
- Type: Commercial
- Source: Garden_State
- MLS ID: 4018092
- Updated: 4/2/2026
- Added to Site: 1 day(s) ago
Business
- Includes: Building Only
Rooms
Bathrooms
- Total Bathrooms: 9
- Restrooms: 9
Additional Information
- Equipment: Appliances, Fire Alarm, Fixtures, Handicapped Access, Passenger Elevator(s), Smoke Detector, Sprinkler System, Storage Area(s)
Exterior
- Color: Blue
Parking
- Garage Spaces: 10
- Parking: Additional Parking, Assigned, Blacktop, Parking Lot-Exclusive
Location
- County: Union
- Driving Directions: Crossway Place to South Ave West, across from Palsted Ave.
- Location Details: Business District, Residential Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: 4+ Units, Forced Hot Air
- Heating Fuel: Electric, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas, Fiber Optic
Structural Information
- Construction: Wood
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Finished-Partially
- Roof: Asphalt Shingles
- Stories in Building: 3
- Square Feet: 9,122
- Aprox. Leasable: 9,122 Sq. Ft.
- Office: 2,350 Sq. Ft.
- Year Built: 2002
Lot Features
- Lot Size (Acres): 0.23
- Lot Size: 50 X 200
- Zoning: Mixed Use
- Lot Description: Level Lot
Financial Considerations
- Price Per Sq. Ft.: $274
- Expenses: Electricity, Insurance, Maintenance - Exterior, Property Management, Snow Removal, Taxes, Trash, Water/Sewer
- Land Assmt: $1
- Tax Amount: $43,786
- Tax Year: 2025
- Owner Pays: Electric, Gas, Heat, Hot Water, Maintenance-Common Area, Repairs, Sewer, Trash Removal
- Pays Utilities: Other
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Income & Expenses, Survey Available
- Disclosures: Yes
- Block: 02606/0000
- Lot Number: 00008/0000
Listed by Elite Realtors Of New Jersey
We Value Your Privacy
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We Value Your Privacy
Listing agent
— 1030 South Ave —
Elite Realtors Of New Jersey
973-796-6156
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1030 South Ave
School District:Plainfield City School District
| Name | Grades | Distance |
|---|---|---|
Maxson Middle School 920 East 7th Street, Plainfield, NJ 07062 | 6-8 | 0.2 mi |
Plainfield High School, Plainfield, NJ 950 Park Avenue, Plainfield, NJ 07060 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1030 South Ave
Tax History
Tax History for 1030 South Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,625
2%
$383,000
—
2023
$8,449
2%
$383,000
—
2022
$8,273
—
$383,000
—
2022
$8,269
—
$383,000
—
2021
$8,284
—
$383,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1030 South Ave
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1030 South Ave, Westfield, NJ 07090 (MLS# 4018092) is a Commercial property. 1030 South Ave is currently listed for $2,500,000 and was received on April 02, 2026. Want to learn more about 1030 South Ave? Do you have questions about finding other Commercial real estate for sale in Westfield? You can browse all Westfield real estate or contact a Coldwell Banker agent to request more information.