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514 Route 46 5.9 Acres of Commercial Land Offered at $3,995,000 in Wayne, NJ 07470
Investment Highlights
- Highly visible location at a major highway interchange for Route 46 and Route 80.
- Close to the Willowbrook Mall, Wayne Towne Center, William Paterson University & Montclair State University
- Highway Commercial zoning supports retail, hotel, automotive, and shopping center projects.
Executive Summary
• Block: 103 | Lot: 35.02
• Zoning: Highway Commercial
• Permitted uses include retail, hotels, shopping centers & car dealers
• High visibility at the interchange of Routes 80 & 46
• Close to the Willowbrook Mall, Wayne Towne Center, William Paterson University & Montclair State University
• High traffic volume: 116,729 vpd
• Densely populated marketplace
Property Facts
| Price | $3,995,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Retail |
| No. Lots | 1 | Total Lot Size | 5.90 AC |
| Zoning | Commercial - Highway Commercial | ||
| Price | $3,995,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 5.90 AC |
| Zoning | Commercial - Highway Commercial |
1 Lot Available
Lot 35.02
| Price | $3,995,000 | Lot Size | 5.90 AC |
| Price Per AC | $677,118.64 |
| Price | $3,995,000 |
| Price Per AC | $677,118.64 |
| Lot Size | 5.90 AC |
This lot is zoned for highway commercial. Permitted uses include retail, hotels, shopping centers and car dealerships. Densely populated marketplace.
Description
Situated in a dynamic trade area, the property benefits from proximity to Willowbrook Mall, Wayne Towne Center, and regional retail hubs, as well as educational anchors like William Paterson University and Montclair State University. Concept plans illustrate flexibility for either single-use or multi-pad layouts, with potential to accommodate two restaurant sites or a full-service hotel subject to approvals. The densely populated surrounding marketplace and strong household incomes present an ideal environment for top-performing retail, hospitality, or mixed-use development.
