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    40 Lake Dr Wayne, NJ 07470

    Pending
    For Sale
    $1,150,000

    Commercial - Wayne Twp., NJ

    Property size:
    2,408 SF
    Lot size:
    0.20 Acres
    Days on Market:
    47
    Last Refresh:
    Dec 14 at 5:06 pm

    Property Features for 40 Lake Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    COMMERCIAL
    Rooms
    Basement
    Parking features
    Parking Lot
    Basement Y/N
    1
    Size
    2,408 SF
    Lot size
    0.20 Acres

    Utilities

    Heating system
    Hot Water (Heating), Other (Heating)
    Cooling system
    Central Air, Ductless, Multi Units
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Floors in Building
    1
    Number of units
    3
    Flooring type
    Linoleum, Vinyl, Wood
    Building materials
    Block, Brick
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Century 21 Gemini REO Group (973) 890-0500 [email protected]

    Listing agent MARIA FERRITO (973) 696-1111

    Listing date Oct 29, 2025

    MLS# 3947760 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakefront Commercial Building For Sale

    This commercial building is located on Packanack Lake and features three separate units, all of which are currently rented. The property includes the Packanack Post Office, which has a long-term lease. The building has separate utilities and a shared parking lot. A new roof has been installed. The building offers various possibilities for use. The lot size is 0.2 acres and the property size is 2408 square feet. The property is located in Wayne Twp., Passaic County, New Jersey.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    United States Postal ... Post Office The 6 NJ Consultant Awards On Top Inc Trophy Shop Wayne NJ painters Painter

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    ZS Florist

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.28059
    Latitude
    40.97973

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    FAQs

    What type of property is this?
    Storefront property - Commercial building with three units, currently all rented, on Packanack Lake.
    Where is this storefront property located?
    The property is located at 40 Lake Dr Wayne, NJ.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Lakefront commercial building on Packanack Lake.; - Three separate units, currently all rented.; - Packanack Post Office has a long-term lease.
    (973) 696-1111
    Request Owner's contact information
    40 Lake Dr Wayne, NJ 07470
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    40 Lake Dr Wayne, NJ 07470
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