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    1267 Nj-23 Wayne, NJ 07470

    Sponsored
    For Sale
    $1,350,000

    High-traffic Route 23 location, 5,516 SF.

    Property size:
    5,516 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,516 square foot retail storefront is strategically located on the bustling Route 23 in Wayne, New Jersey, offering unparalleled visibility and accessibility. Situated in a high-traffic area, this property benefits from its proximity to major retailers, ensuring consistent foot traffic and brand exposure. The location provides easy access to both Newark Pompton Turnpike and Route 80, enhancing convenience for customers and employees alike. The property's proximity to the prestigious Preakness Valley Golf Course adds to its appeal, attracting a diverse clientele. This prime location presents a unique opportunity for businesses seeking high visibility and convenient access to major transportation arteries. The asking price for this exceptional retail space is $1,350,000. The property's size and location make it ideal for a variety of retail uses, offering significant potential for growth and profitability in a thriving commercial area of Passaic County. The address is 1267 NJ-23, Wayne, NJ 07470.

    Property Features for 1267 Nj-23

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,516 SF

    HighLights

    • 5,516 SF retail storefront on Route 23 in Wayne, NJ.
    • High‑traffic location with excellent visibility and accessibility.
    • Convenient access to major roadways (Newark Pompton Turnpike & Route 80).
    • Near major retailers and Preakness Valley Golf Course.
    • Asking price: $1,350,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    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
    -74.2690619
    Latitude
    40.9272444

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic Route 23 location, 5,516 SF.
    Where is this individual retail property located?
    The property is located at 1267 Nj-23 Wayne, NJ.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 5,516 SF retail storefront on Route 23 in Wayne, NJ.; High-traffic location with excellent visibility and accessibility.; Convenient access to major roadways (Newark Pompton Turnpike & Route 80).
    Request Owner's contact information
    1267 Nj-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
    1267 Nj-23 Wayne, NJ 07470
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