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Sturcke Building - Availability Details

107 Quimby St, Westfield, NJ 07090

  • For Sale $4,900,000
  • Property Type Retail - Street Retail
  • Property Size 14,630 SF
  • Units 22
  • Lot Size 0.28 Acre
  • Parking Spaces Avail. 7
  • Parking Ratio 14.00/ 1,000 SF
  • Year Built 1940
  • Date Updated Jul 03, 2022
  • Website www.cbcworldwide.com
The Sturcke Building located at 107-115 Quimby street is a 14,630 sq. ft. mixed use building with 7,316 sq. ft. of 1st Floor retail space with 5 Store fronts along 107' of frontage and 4,807 sq. ft. of 2nd Floor walk-up professional offices. Located on .28 acre lot with ingress and egress driveways and 7 off-street parking spaces. Fully tenanted and well maintained by current owner for decades this building provides a 4.2% CAP Rate with upside potential beyond 5%. All maintenance and tenants have been cared for professionally by owners who know real estate. A rooftop stairwell from the building interior has allowed owners to service the flat roof with ease during it's lifetime. Certain lease expirations allow for an owner/user purchase for a retail or office occupancy creating the strategy for a potential new owner to pay rent directly into their own equity/retirement fund. This well built, poured concrete structure has a significant presence in the middle of Quimby Street providing excellent in-town access. Downtown Westfield, NJ is a vibrant live-work-play environment attractive to today's workforce. Fine dining, cafes, shops, services, and NJ Transit Train Station are all within 700 yards.
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Location

  • City Westfield, NJ
  • Neighborhood Downtown Westfield
  • Zip Code 07090
  • Market New Jersey

Contacts

broker

Douglas Feigel

Coldwell Banker Realty

(908) 230-9918

Highlights

  • Cooling: Central A/C - Electric
  • Age: Over 50 Years Old
  • Lot Size: Under 1/2 Acre
  • Sewer: City
  • Water: City Water

Frequently Asked Questions

What year was Sturcke Building built and finished?

Sturcke Building was completed in 1940.

Contact Listing Broker

broker

Douglas Feigel

Coldwell Banker Realty

(908) 230-9918

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