For Auction

$1 Auction - 0.31 AC Parcel | 22K VPD | $129K HH Income

1325 Hamburg Turnpike,
Wayne, NJ 07470

Asset Snapshot

Real Estate
Asset Type
Land
Property Type
0.31 Acres
Land Area

Offering Summary

Investment Highlights

  • ±0.31 AC Land Parcel Shadowed by CVS and Several Grocers within Regional Retail Corridor
  • Direct Frontage and Visibility to Hamburg Turnpike with ±22,809 VPD and Near Signalized Intersection of Alps Road (±12,606 VPD)
  • Nearby Traffic Drivers: CVS, Dollar Tree, Stop & Shop, ShopRite, Trader Joe’s, LA Fitness, Two High Schools, and more
  • Zoning: Business District | Permitted Uses include Retail, Professional Office, Restaurant, and others
  • ±25 miles from New York City | ±6 miles from I-80
  • Attractive Demographics with 5-mile Population of ±205,162 and Annual Household Income of ±$129,927
 

Offering Summary

Marcus & Millichap and RI Marketplace are pleased to present ±0.31-acres located adjacent to 1325 Hamburg Turnpike (“Property”) in Wayne, New Jersey. The Property is positioned within a regional retail corridor and offers an exceptional investment opportunity for high profile development in an affluent market. National tenants within close proximity to the Property include CVS, Dollar Tree, Stop & Shop, ShopRite, Trader Joe’s, LA Fitness, Outback, Burlington, Ulta Beauty, Popeyes, and more. Property benefits from highly favorable Business District Zoning that allows for a wide variety of commercial uses including retail, professional office, restaurant, and others.

Wayne is a township in Passaic County, New Jersey approximately 25 miles west of New York City, and is home to William Paterson University. The Property is situated on Hamburg Turnpike with frontage and visibility to traffic counts of approximately 22,809 vehicles per day and near the signalized intersection of Alps Road with an additional ±12,606 vehicles per day. As of 2022, there were approximately 205,162 residents with an average household income of $129,927 within a 5-mile radius.  

Due Diligence

Transaction Manager

Damian Smoter
Marketplace
(800) 915-7015dsmoter@realinsight.com

Platform Fee

Buyer pays a minimum platform fee of 5% or $20,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Need Help?

Your transaction managers are your first point of contact for any auction or process questions. For additional support:

info@rimarketplace.com800-915-7015

Closed

This asset was part of the August 10th, 2022 auction event, resulting in a successful transaction that closed in just 29 days.
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Investment Sales Brokers

Adam Sklaver
Marcus & Millichap
(301) 706-4619adam.sklaver@marcusmillichap.com
Philip Kates
Marcus & Millichap
(305) 206-1286philip.kates@marcusmillichap.com
Kyle Hynes
Marcus & Millichap
(617) 699-0128kyle.hynes@marcusmillichap.com
JH
John Horowitz
Marcus & Millichap
NJ License: 2192359

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.