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Second-Floor Office Unit
For Lease
$2,000/Mo

1200 State Route 23, Wayne, NJ 07470

Flexible second-floor space with a separate entrance and access to Route 23 North and South.

Space Size1,600 SF
Days on Market51

Property Features for 1200 State Route 23

General Information

Standard status Active
Size 1,600 SF
Net Rentable 1,600 SF
Property subtype Commercial

Space & Availability

Available Space 1,600 SF
Contiguous Space 1,600 SF
Floor 2
Space Use Office

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $17,994

Amenities

Central air
Blacktop Driveway
Central Air Cooling
Forced Hot Air Heating
Level Lot
Off-Street Parking
Parking Lot-Exclusive
Parking Lot-Shared

Building Details

Year Built 1948
Listing Agency: REALTY EXECUTIVES EXCEPTIONAL
Listed By: CHARLES J. MELLENO
Source: Corcoran
Added: Aug 28 Changed: Oct 16 Last Checked: Oct 16 at 9:15AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REALTY EXECUTIVES EXCEPTIONAL

Rey
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Investment Insights

Based on property information with market context.

This approximately 1,600 SF second-floor commercial unit offers a separate entrance and an adaptable interior arrangement. The space can be retrofitted for office, retail, studio, showroom, or professional use, providing flexibility for a range of commercial operations.

Located at 1200 State Route 23 in Wayne Twp., NJ, the property provides access to Route 23 in both northbound and southbound directions. The building was constructed in 1948.

Key Highlights

  • Approximately 1,600 SF of second‑floor commercial space
  • Separate entrance for the unit
  • Access to Route 23 North and South

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Dental Office Pharmacy Auto Parts Store Storage Facility Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

655
Businesses Nearby

Demographics for 07470, NJ

55,284
Population
19,396
Households
2.9
Avg Household Size
43
Median Age
57%
College-Educated
96%
High-School Grad
23.9 sq mi
ZIP Area
2,313
Density / Sq Mi
$151,561
Median Household Income
$70,100
Median Earnings
$2,126
Median Rent
$596,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Wayne, NJ

$24.25 /SF/Yr
Avg Asking Price
$15–$31.26 /SF/Yr
Price Range
4,071 SF
Avg Space Size

This space is priced 38% below the average of $24.25 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office units - Flexible second-floor space with a separate entrance and access to Route 23 North and South.
Where is this office units located?
The property is located at 1200 State Route 23 Wayne, NJ.
What is the lease rate?
The lease rate is $2,000/Mo.
What are key features of this property?
This property features: Approximately 1,600 SF of second‑floor commercial space; Separate entrance for the unit; Access to Route 23 North and South
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