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Property profile & analytics
OFF-MARKET
Power centers

545 Us-46 Wayne, NJ 07512

271,516 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Power centers
Total area 271,516 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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