Mixed-Use Property with Rear
For Sale
$625,000
54 Wanaque Ave #54, Pompton Lakes, NJ 07442
Two leased storefronts and an upstairs apartment combine commercial and residential space in a downtown setting.
Property Size2,795 SF
Price / SF$223.61
Days on Market8
Property Features for 54 Wanaque Ave #54
General Information
Standard status
Active
Size
2,795 SF
Property subtype
Commercial
Zoning
Comm/Mixed
Lease Type
Modified Gross
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Road Access
Yes
Amenities
expansive rear yard
substantial open green space
mature shade trees
elevated deck
full walkout basement
Building Details
Building Size
2,795 SF
Year Built
1950
Buildings
1
Stories
3
Units
3
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(973) 694-8000
Listed By:
Barbara Pagella
(973) 506-9487
Source:
Cammarotarealestate
Added: Oct 16
Changed: Oct 22
Last Checked: Oct 22 at 2:19PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This mixed-use building contains approximately 2,795 square feet over three levels, including a full walkout basement. The street-level floor is divided into two retail spaces of approximately 450 square feet apiece, each occupied by a long-term tenant. Upstairs, a two-bedroom apartment measures approximately 1,050 square feet. The basement offers storage and ancillary space.
Set on Wanaque Avenue in downtown Pompton Lakes, the property also includes a sizeable rear yard with open green space, mature shade trees, and an elevated deck. The building was constructed in 1950 and is zoned Comm/Mixed.
Set on Wanaque Avenue in downtown Pompton Lakes, the property also includes a sizeable rear yard with open green space, mature shade trees, and an elevated deck. The building was constructed in 1950 and is zoned Comm/Mixed.
Key Highlights
- Two street‑level retail units, approximately 450 square feet each; both are leased
- Second‑floor apartment of approximately 1,050 square feet with 2 bedrooms
- Approximately 2,795 square feet across 3 levels, including the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,894
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,880
$797.9K
Cap Rate 7%
$569,914
$569.9K
Cap Rate 9%
$443,267
$443.3K
Market Conditions
NOI Build-Up for 2,795 SF
Gross rent
$60.4K $21.60/SF
− Vacancy
−$3.4K −$1.21/SF
EGI
$57.0K $20.39/SF
− OpEx
−$17.1K −$6.12/SF
NOI
$39.9K $14.27/SF
Area
Passaic County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$797,880
Cap Rate 7%
$569,914
Cap Rate 9%
$443,267
Alternative Uses
Best Use
Retail
$569.9K
$498.7K – $664.9K
NOI $39,894 @ 7.0% cap · market cap 6.38%
Second Best
Mixed Use
$495.9K
$433.9K – $578.6K
NOI $34,714 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$729.8K
$638.6K – $851.5K
NOI $51,088 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
96k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 25%
Groceries 22%
Beauty & Spa 9%
Starbucks
Dining
22,677 visits/mo
0.1 miles
Lidl
Groceries
20,756 visits/mo
0.2 miles
Wendy's
Dining
18,361 visits/mo
0.2 miles
The Paper Store
Shops & Services
9,201 visits/mo
0.2 miles
TD Bank
Shops & Services
8,119 visits/mo
0.2 miles
Demographics for 07442, NJ
11,101
Population
4,235
Households
2.6
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
2.9 sq mi
ZIP Area
3,828
Density / Sq Mi
$119,038
Median Household Income
$71,355
Median Earnings
$1,822
Median Rent
$411,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two leased storefronts and an upstairs apartment combine commercial and residential space in a downtown setting.
Where is this mixed-use property located?
The property is located at 54 Wanaque Ave #54 Pompton Lakes, NJ.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two street‑level retail units, approximately 450 square feet each; both are leased; Second‑floor apartment of approximately 1,050 square feet with 2 bedrooms; Approximately 2,795 square feet across 3 levels, including the basement
