1267 Nj-23 Wayne, NJ 07470
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.
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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
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.