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Property profile & analytics
OFF-MARKET
Commercial real estate

120-126 Lake Dr Wayne, NJ 07470

3.48 ac lot Built 1950
Property ID
Property summary
AI-generated overview

This unique property at 120-126 Lake Dr E, Wayne, NJ, offers a flexible rental opportunity ideal for various organizations. The core offering is shared use of a sanctuary, available Saturday evenings and Sundays after 1:00 PM, for approximately five hours per week. This spacious sanctuary can accommodate up to 249 people. In addition to the sanctuary, a social hall with a capacity of 138 people is also available for post-service use. A fully equipped kitchen is included, featuring a refrigerator, stove, dishwasher, and microwave. The property boasts convenient amenities such as a handicap-accessible entrance and a large parking lot with capacity for 90 vehicles. All utilities are included in the rental price of $2000. Tenants are required to maintain liability insurance. The property sits on a 3.48-acre lot. Further rental options exist for separate classroom or office spaces, available at an additional cost. This property presents a rare opportunity for a group or organization seeking a versatile and well-equipped event space in a convenient location. The shared-use nature of the rental makes it an economical choice for those with limited weekly needs.

Property profile
Verified
Property type Commercial real estate
Year built 1950
Lot 3.48 ac (151,589 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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