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Property profile & analytics
FOR LEASE
Commercial real estate

625 Hamburg Tpke Wayne, NJ 07470

7,856 SF 13.47 ac lot
Entity Owned 16-yr Hold Free & Clear
Property ID
US59-1992808
625 Hamburg Tpke, Wayne, NJ 07470 For Lease
$1,020,000
625 Hamburg Tpke, Wayne, NJ 07470
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Property summary
AI-generated overview

Plaza Square, located at 625 Hamburg Tpke in Wayne, NJ (Passaic County, zip code 07470), offers exceptional medical office space for lease. This multi-tenant property boasts a total of 102,752 square feet, with nine individual suites available. The building is situated in a thriving area near William Paterson University, ensuring a strong base of potential patients and clients. Currently, 26,596 square feet of space is available for lease, offering flexibility for businesses of various sizes. Individual suites range from a minimum of 1,651 square feet to a maximum contiguous space of 6,000 square feet, catering to a wide spectrum of medical practices and related businesses. The property's diverse zoning allows for retail, office, and restaurant uses, in addition to medical spaces, salons, and other commercial enterprises. This prime location provides excellent visibility and accessibility, making it an ideal choice for medical professionals seeking a well-established and convenient space to serve their patients. The building's multiple suite configuration offers opportunities for both established practices looking to expand and new businesses seeking a ready-to-occupy space. The property's strategic location near William Paterson University and a robust office population ensures a high volume of foot traffic and potential clientele. Interested parties are encouraged to inquire about available space and lease terms.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 7,856 SF
Lot 13.47 ac (586,753 SF)
APN 14 02800-0000-00002
UPID US59-1992808
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
Current use
Occupant on record · Public records
  • Plaza Square Shopping Center & Mall
  • AC Digital Hearing Aid Center Hearing Aid Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.17M
Blend (final) Blend
$1.02M
Owner & transaction history
Fw Nj Plaza Square LLC · 16 yrs held
Fw Nj Plaza Square LLC
since 2010
4 recorded transactions
2010
Price N/A
2004
$24.8M
2003
$20.6M
1990
$18.8M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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