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Industrial Land Parcel, 3.15 AC

101 Riverview Drive : Wayne, NJ 07470

Passaic County, New Jersey

3.15 Acres
Land Auction
April 10, 2024 12:00 PM
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Land Description

RI Marketplace Online Auction April 8-10, 2024.

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Marcus & Millichap is pleased to present ±3.15 acres of land located at 101 Riverview Drive (the “Property”) in Wayne, New Jersey. The Property offers an exceptional investment opportunity, and first bid meets reserve. The Property benefits from frontage and visibility on Riverview Drive with traffic counts of 25,623 vehicles per day. The Property is zoned I, Industrial, which allows for many commercial uses including self-storage facilities, warehousing, professional services, hotel, billboards (subject to other requirements), and many others.

Positioned in Passaic County, Wayne benefits from its proximity to major transportation routes like I-80 and Routes 23 and 46, facilitating convenient access to the broader New York metropolitan area. The local economy thrives with a strong focus on manufacturing, distribution, warehousing, and logistics. As of 2023, the Property's demographics have ±333,836 individuals residing within a 5-mile radius, with an average household income of ±$113,501. The Property is located within a high growth area with population growth of 6.32% from 2010-2023 and an anticipated 3.31% growth expected from 2023-2028 within five miles of the Property.

Richard G. Warner, Auctioneer

NJ License: 0120281

Land Maps & Attachments

More Land Details

Industrial Zoning
Flat Terrain
Paved Road Access
AUCTIONFLIP ID
368999
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