120-126 Lake Dr Wayne, NJ 07470
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.