545 Us-46 Wayne, NJ 07512
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.