94 Wanaque Ave - Freestanding FOR SALE


Pompton Lakes, NJ 07442
$5,900,000 USD
973-942-3399
94 Wanaque Ave, Pompton Lakes, NJ for Sale
$5,900,000 USD
Freestanding - FOR SALE
1/5
null | 10% Cap Rate

94 Wanaque Ave
Pompton Lakes, NJ 07442


HIGHLIGHTS

  • Situated in a neighborhood strip center with direct visibility along Wanaque Avenue, the property offers consistent local traffic and strong exposure.
  • Parking accommodations include 62 on-site spaces, benefiting both customers and employees with convenient access.
  • Located within close reach of residential communities and established retail, the property supports steady foot traffic and consumer demand.
  • Easy access to regional thoroughfares enhances connectivity for area commuters and visitors, supporting a wider customer base.
  • The 1.5-acre site provides a functional layout in a well-trafficked corridor within Passaic County’s commercial district.

OVERVIEW

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%

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$597 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,680 SF

ZONING

DRA

APN/PARCEL ID

09-02500-0000-00001

ASK ABOUT THIS PROPERTY

James CosciaJames Coscia, CPAMore Info
973-942-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

James CosciaJames Coscia, CPAMore Info
973-942-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.