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1028 State Route -23 0.4 Acres of Commercial Land Offered at $899,000 in Wayne, NJ 07470
Investment Highlights
- Direct frontage on Route 23 North with exposure to over 90,000 vehicles daily.
- Flexible use options for retail, office, or dining formats with redevelopment potential.
- Existing drive-thru rights and township approvals for monument signage.
- Convenient access to NJ Transit bus service and proximity to Wayne Route 23 Transit Center.
Executive Summary
Positioned along one of Northern New Jersey’s most heavily traveled corridors, 1028 State Route 23 presents a unique redevelopment opportunity in the heart of Wayne’s bustling commercial district. Highest Traffic County Area on Route 23. This freestanding building, situated on a .40-acre lot, offers exceptional visibility and access with direct frontage on Route 23 North and a NJ Transit bus stop directly in front of the property.
Property Facts
| Price | $899,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Build to Suit | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.40 AC |
| Zoning | AE - Arterial Commercial | ||
| Price | $899,000 |
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.40 AC |
| Zoning | AE - Arterial Commercial |
1 Lot Available
Lot
| Price | $899,000 | Lot Size | 0.40 AC |
| Price Per AC | $2,225,247.52 |
| Price | $899,000 |
| Price Per AC | $2,225,247.52 |
| Lot Size | 0.40 AC |
.40 of an acre on Route #23 North With a Road Cut. 1800 Square Foot Building on portion of land included in sale. Property Sold AS IS
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Fairly walkable
40/100
Exceptionally drivable
100/100
Good public transit
60/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 14-00920-0000-00002 | Improvements Assessment | $52,600 |
| Land Assessment | $175,000 | Total Assessment | $227,600 |
Property Taxes
Parcel Number
14-00920-0000-00002
Land Assessment
$175,000
Improvements Assessment
$52,600
Total Assessment
$227,600
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Contact the Sale Advisor
1028 State Route -23