Property profile

1267 Nj-23 Wayne, NJ 07470

OFF-MARKET
Retail properties & Spaces
5,516 SF
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Property summary

AI-generated overview

This exceptional 5,516 square foot retail storefront is strategically located on the bustling Route 23 in Wayne, New Jersey, offering unparalleled visibility and accessibility. Situated in a high-traffic area, this property benefits from its proximity to major retailers, ensuring consistent foot traffic and brand exposure. The location provides easy access to both Newark Pompton Turnpike and Route 80, enhancing convenience for customers and employees alike. The property's proximity to the prestigious Preakness Valley Golf Course adds to its appeal, attracting a diverse clientele. This prime location presents a unique opportunity for businesses seeking high visibility and convenient access to major transportation arteries. The asking price for this exceptional retail space is $1,350,000. The property's size and location make it ideal for a variety of retail uses, offering significant potential for growth and profitability in a thriving commercial area of Passaic County. The address is 1267 NJ-23, Wayne, NJ 07470.

Property profile

Verified
Property type Retail properties & Spaces
Total area 5,516 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1267 Nj-23 Wayne, NJ 07470
Wayne metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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