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    1308 State Route 23 Wayne, NJ 07470

    For Lease
    Contact for pricing

    Retail space available on a regional market with high visibility.

    Property size:
    36,000 SF
    Lot size:
    4.76 Acres

    Property Features for 1308 State Route 23

    General Information

    Size
    36,000 SF
    Lot size
    4.76 Acres

    Source: Sabre Real Estate Group, LLC Agent Jimmy Aug

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail Space on Highway

    This retail property offers a potential possession of the entire building by March 2027. It is situated within a regional market characterized by a substantial residential and daytime population. The location benefits from high traffic volume, with approximately 77,150 vehicles per day on Route 23. The property includes 199 parking spaces. It features one of the largest pylon signs on the highway, enhancing visibility. The property is positioned between New York Avenue and Packanack Lake Road.
    Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    Bentwood Plaza, $ Plus Kraze, Packnack Wayne Shopping Center, Brentwood Plaza Shopping Center, Glen Ridge Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.267133
    Latitude
    40.928217

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    FAQs

    What type of property is this?
    Shopping center - Retail space available on a regional market with high visibility.
    Where is this shopping center located?
    The property is located at 1308 State Route 23 Wayne, NJ.
    What are key features of this property?
    This property features: - High traffic volume (77,150 VPD) ensures excellent visibility.; - 199 parking spaces available, accommodating a high volume of customers and employees.; - Possible possession of the entire building (3/2027).
    (516) 874-8070
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    1308 State Route 23 Wayne, NJ 07470
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    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
    1308 State Route 23 Wayne, NJ 07470
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