545 Us-46Wayne, NJ 07512

Property Details for 545 Us-46

Property size (Sq ft)

271,516 SF

Property type

Power centers

Property subtype

Retail properties

Description

Totowa Commons presents a significant retail investment opportunity in Passaic County, NJ. This expansive power center boasts 271,516 square feet of total building area situated on a substantial 23.5-acre lot. Its strategic location at the intersection of major thoroughfares – Route 80, Route 46, and Route 23 – ensures exceptional visibility and accessibility for customers. The center features a strong tenant mix, anchored by Home Depot, and includes other established businesses such as Staples and Fortunoff Backyard. Currently, there is significant space available, ranging from a minimum of 17,883 square feet to a maximum contiguous space of 93,613 square feet, providing flexibility for various retail concepts. Ample parking is provided with 1,166 spaces, resulting in a favorable parking ratio of 4.29 spaces per 1,000 square feet. This open-air shopping center offers a compelling opportunity for businesses seeking high-traffic exposure in a thriving retail market. The substantial vacant space presents a unique chance to establish a prominent presence within this well-established power center. The property's size and location make it an ideal candidate for expansion or redevelopment. This is a rare opportunity to acquire a significant retail asset in a highly desirable location.

Location Insight

City

Wayne

County

Passaic

State

New Jersey

Latitude

40.8974

Longitude

-74.2382

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