Current Use by Public Records
- Trinity Rehab - Wayne, NJ / Medical Clinic
- CityMD Wayne Hamburg Urgent Care - New Jersey / Medical Clinic
Property Details for 1172 Hamburg Tpke
- Year built
- 1970
- Lot size
- 3.23 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Office Spaces
Description
This exceptional investment opportunity presents a fully leased, mixed-use property ideally situated at 1172 Hamburg Turnpike in Wayne, New Jersey. The Hamburg Pavilion encompasses 30,810 square feet across two single-story buildings on a 3.23-acre lot, boasting approximately 270 feet of frontage along a high-traffic commercial corridor (23,740 vehicles per day). The property features six tenants, including a strong mix of medical offices (CityMD, Trinity Rehab, Wayne Surgical Center), and service-oriented businesses (pizzeria, laundromat, salon). With a 100% occupancy rate and a weighted average remaining lease term of 4.5 years, this asset offers stable and predictable cash flow. The property benefits from ample surface parking (nearly 6 spaces per 1,000 square feet), recent renovations including façade updates, roof repairs, parking area improvements, and updated lighting and sidewalks. The location within Wayne, NJ, is highly desirable, characterized by a dense and affluent population (average household income nearing $200,000) and proximity to numerous national retailers such as ShopRite, Trader Joe's, Starbucks, and Chipotle. The property's Business District zoning (B) further enhances its long-term value and potential. Built in 1970, this property offers a compelling combination of established tenancy, strong location, and recent capital improvements, making it an attractive investment opportunity.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wayne
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.2427
- Latitude
- 40.9612
