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    204 Berdan Ave Wayne, NJ 07470

    Sponsored
    For Sale
    $2,150,000

    Freestanding Office, Prime Wayne Location

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,000 square foot, two-story office building is available for sale in Wayne, NJ. Located at 204 Berdan Avenue, this Class B property offers a single, 100% occupied unit within a freestanding building. The gross lease structure simplifies ownership, and the ample parking caters to both employees and clients. Situated in a vibrant area with easy access to amenities, this property benefits from excellent visibility and accessibility. The flexible interior layout is adaptable to various business needs, accommodating open-plan spaces, private offices, or a combination thereof. The OB20 zoning designation provides further operational flexibility. This investment presents a unique opportunity to acquire a well-located, fully occupied office building in a thriving New Jersey community with strong growth potential. The asking price is $2,150,000, translating to $430 per square foot. This property is perfect for businesses seeking a prominent presence in a bustling and convenient location. The building's prime location and versatile space make it an attractive investment for both established businesses and those looking to expand. Abundant parking eliminates a common challenge in busy areas. The strong local economy of Wayne, NJ, further enhances the investment potential of this property.

    Property Features for 204 Berdan Ave

    General Information

    Property type
    Office space
    Square Feet
    5,000 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • $2,150,000 asking price for a 5,000 square foot office building.
    • Located at 204 Berdan Ave, Wayne, NJ 07470.
    • Class B, two‑story building with 100% occupancy.
    • Gross lease, single tenant, one building, one unit.
    • $430 per square foot.
    • OB20 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    NCJAR Wayne Association / Organization

    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
    -74.243343397662
    Latitude
    40.966757264952

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    FAQs

    What type of property is this?
    Office space - Freestanding Office, Prime Wayne Location
    Where is this office space located?
    The property is located at 204 Berdan Ave Wayne, NJ.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: $2,150,000 asking price for a 5,000 square foot office building.; Located at 204 Berdan Ave, Wayne, NJ 07470.; Class B, two-story building with 100% occupancy.
    Request Owner's contact information
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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
    204 Berdan Ave Wayne, NJ 07470
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