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94 Wanaque Ave 9,889 SF 85% Leased Retail Building Pompton Lakes, NJ 07442 $5,900,000 ($596.62/SF) 10% Cap Rate
Investment Highlights
- Situated in a neighborhood strip center with direct visibility along Wanaque Avenue, the property offers consistent local traffic and strong exposure.
- Located within close reach of residential communities and established retail, the property supports steady foot traffic and consumer demand.
- The 1.5-acre site provides a functional layout in a well-trafficked corridor within Passaic County’s commercial district.
- Parking accommodations include 62 on-site spaces, benefiting both customers and employees with convenient access.
- Easy access to regional thoroughfares enhances connectivity for area commuters and visitors, supporting a wider customer base.
Executive Summary
Redevelopment opportunity in the center of town.
Approximate Build Out: $5.85M + Sale Price: $5.9M = Total Cost $11.75M
Projected Income: $1,453,920 - Expenses: $250k = Net Income $1,203,920
Projected net income greater than 10%
Approximate Build Out: $5.85M + Sale Price: $5.9M = Total Cost $11.75M
Projected Income: $1,453,920 - Expenses: $250k = Net Income $1,203,920
Projected net income greater than 10%
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
9,889 SF
Building Class
C
Year Built
1950
Price
$5,900,000
Price Per SF
$596.62
Cap Rate
10%
NOI
$590,000
Percent Leased
85%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.67 AC
Zoning
DRA - Redevelopment Area
Parking
62 Spaces (5.64 Spaces per 1,000 SF Leased)
Frontage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
1,500 sq. ft. former Dominoe's Pizza store. 25' frontage by 60" deep. PRICE REDUCED TO $3.700 PER MONTH PLUS ONLY UTILITIES. CAM and TAXES included in rent!
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,500 SF | Restaurant | In-Line | Now |
1st Floor
| Size |
| 1,500 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 1,500 SF |
| Space Use | Restaurant |
| Position | In-Line |
| Available | Now |
1,500 sq. ft. former Dominoe's Pizza store. 25' frontage by 60" deep. PRICE REDUCED TO $3.700 PER MONTH PLUS ONLY UTILITIES. CAM and TAXES included in rent!
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-02500-0000-00001 | Improvements Assessment | $1,343,000 |
| Land Assessment | $342,600 | Total Assessment | $1,685,600 |
Property Taxes
Parcel Number
09-02500-0000-00001
Land Assessment
$342,600
Improvements Assessment
$1,343,000
Total Assessment
$1,685,600
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
James Coscia, CPA
94 Wanaque Ave
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