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    40 Lake Rd Wayne, NJ 07470

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    For Sale
    $1,150,000

    Commercial building with three units and long-term tenant.

    Source: Century 21 Gemini Realty, LLC

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

    Overview

    Lakefront Commercial Building For Sale

    This lakefront commercial building on Packanack Lake comprises three separate units, all of which are currently rented. One of the tenants is Packanack Post Office, which has a long-term lease. The building features separate utilities and a shared parking lot. A new roof has been installed. This property offers endless possibilities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.2805987
    Latitude
    40.9803012

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    FAQs

    What type of property is this?
    Retail space - Commercial building with three units and long-term tenant.
    Where is this retail space located?
    The property is located at 40 Lake Rd 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 location on Packanack Lake; - Three separate rental units providing income; - Long-term lease with Packanack Post Office
    (973) 986-6914
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    40 Lake Rd 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 Rd Wayne, NJ 07470
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