1172 Hamburg Tpke Wayne, NJ 07470

Property Details for 1172 Hamburg Tpke

Year built

1970

Lot size

3.23 lot acres

Property size

30,810 SF

Property type

Retail properties

Property subtype

Office Properties & 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.

Location Insight

City

Wayne

County

Passaic

State

New Jersey

Longitude

-74.2427

Latitude

40.9612