Current Use by Public Records
- Power centers
Property Details for 545 Us-46
- Property type
- Power centers
- Property subtype
- Retail properties & Spaces
Description
Totowa Commons presents a significant retail investment opportunity in Passaic County, NJ. This expansive power center boasts 271,516 square feet of total building area situated on a substantial 23.5-acre lot. Its strategic location at the intersection of major thoroughfares – Route 80, Route 46, and Route 23 – ensures exceptional visibility and accessibility for customers. The center features a strong tenant mix, anchored by Home Depot, and includes other established businesses such as Staples and Fortunoff Backyard. Currently, there is significant space available, ranging from a minimum of 17,883 square feet to a maximum contiguous space of 93,613 square feet, providing flexibility for various retail concepts. Ample parking is provided with 1,166 spaces, resulting in a favorable parking ratio of 4.29 spaces per 1,000 square feet. This open-air shopping center offers a compelling opportunity for businesses seeking high-traffic exposure in a thriving retail market. The substantial vacant space presents a unique chance to establish a prominent presence within this well-established power center. The property's size and location make it an ideal candidate for expansion or redevelopment. This is a rare opportunity to acquire a significant retail asset in a highly desirable location.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wayne
- County
- Passaic
- State
- New Jersey
- Longitude
- -74.2382
- Latitude
- 40.8974
