502 Hamburg TpkeWayne, NJ 07470

Property Details for 502 Hamburg Tpke

Year built

1990

Lot size

0.03 AC

Property size (Sq ft)

1,152 SF

Zone code

SB

Property type

Office properties

APN

14 03000-0000-00399-0000-C101A

APU

14030000000003990000C101A

Description

This exceptional 1,132 square foot executive office condo is ideally situated in Wayne, New Jersey, within the desirable Wayne Commons. Located on the second floor, this single-tenant space offers a versatile layout perfect for various professional needs. The unit boasts three separate rooms, adaptable as private offices, conference rooms, or collaborative work areas, each designed for optimal privacy and productivity. Ample storage is provided by an oversized closet. A convenient small kitchen area is included for preparing refreshments, and a private bathroom adds to the convenience. The space features a 9-foot ceiling height. The property is zoned for office use and is located in Passaic County, with the full address being 502 Hamburg Tpke, Wayne, NJ 07470. This well-maintained building offers a professional and functional work environment. The entire 1,132 square feet is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $190,460

  6.5%

  $175,809

  7%

  $163,251

• Comparable approach

  Method

  Valuation

  Relative Method

  $150,520

  Geo Method

  $150,520

• Alternative Use

  Use

  Valuation

  Residential

  $218,003

  Hospitality

  $199,690

  Educational

  $166,140

  Medical

  $171,854

  Retail

  $258,440

Location Insight

City

Wayne

County

Passaic

State

New Jersey

Latitude

40.9541

Longitude

-74.2131

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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