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1028 State Route 23
Wayne, NJ 07470
Building with Extra Land · Retail Property For Sale
Investment Highlights
- Possible drive thru
- grandfathered signage
- High visibility
Executive Summary
Prime Route #23 Highway Property on a Hill and not in a flood zone. Property is best suited for redevelopment as a small strip mall or dining establishment. Zoned for retail but can be used as office. 1800 sq feet building on site now that can be expanded. Also available as a land lease for restaurant or pad use at $5000 per month NNN. Property sold or rented AS IS.
Route #23 Highway Property. Over 90,000 cars daily pass this location. Local and NY bus stop in front of building.
Owner Financing available with 20% down 6.15% interest rate, 7.15% with 15% down 8.00% with 12% down. 15 Year mortgage with 30 year payout.
Route #23 Highway Property. Over 90,000 cars daily pass this location. Local and NY bus stop in front of building.
Owner Financing available with 20% down 6.15% interest rate, 7.15% with 15% down 8.00% with 12% down. 15 Year mortgage with 30 year payout.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
1,875 SF
Building Class
C
Year Built
1960
Price
$899,000
Price Per SF
$479.47
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
0.40 AC
Zoning
Highway Commerical
Parking
30 Spaces (5.56 Spaces per 1,000 SF Leased)
Frontage
138’ on Route 23 North
Amenities
- Bus Line
- Freeway Visibility
- Drive Thru
About 1028 STATE ROUTE 23 , WAYNE, NJ 07470
Property and building can be used as is (property sold as is) or redeveloped (best use) as a free standing store and build up to 2,475sq feet as allowed by township without a variance and still have lots of parking. Empty lot on side of building included in sale for total of .40 acres. Drive Thru's are allowed by township. Lease options also available. Wayne Township allows a Monument sign on property of up to 32 square feet (8' x 4')plus the grandfathered (6' x 13') sign. Call (732) 735 4010 . . . Price is FIRM. Owner Financing Available!
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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