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1275 State Route 23 9,609 SF 100% Leased Retail Building Wayne, NJ 07470 $3,101,625 CAD ($322.78 CAD/SF)
INVESTMENT HIGHLIGHTS
- Prominent roadside presence along a high-visibility state highway with substantial daily traffic influence
- 27-Minute drive to Newark Liberty International Airport
- Strong nearby consumer base supported by affluent surrounding households and stable demographics
EXECUTIVE SUMMARY
1275 Route 23 presents a rare owner-user or investment acquisition along one of Northern New Jersey’s most heavily traveled state highways. Positioned in the heart of Wayne, this freestanding retail asset sits prominently along Route 23, offering exceptional visibility to more than 72,000 vehicles per day. The property spans 0.529 acres with ample on-site surface parking, making it an attractive option for a wide range of retail, showroom, service, or specialty commercial users seeking high exposure in a thriving suburban corridor
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
9,609 SF
Building Class
B
Year Built
1920
Price
$3,101,625 CAD
Price Per SF
$322.78 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.43
Lot Size
0.51 AC
Zoning
N/A
Parking
19 Spaces (1.98 Spaces per 1,000 SF Leased)
Frontage
124’ on State Route 23
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-01413-0000-00031 | Improvements Assessment | $534,996 CAD |
| Land Assessment | $433,263 CAD | Total Assessment | $968,258 CAD |
PROPERTY TAXES
Parcel Number
14-01413-0000-00031
Land Assessment
$433,263 CAD
Improvements Assessment
$534,996 CAD
Total Assessment
$968,258 CAD
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1275 State Route 23
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