1320 Lockeford StLodi, CA 95242

Property Details for 1320 Lockeford St

Lot size

7.55 AC

Property size (Sq ft)

9,600 SF

Zone code

43

Property type

Retail properties

Property subtype

Community centers

APN

035-340-090-000

APU

35340090000

Description

Lakewood Plaza, located at 1320 W Lockeford St, Lodi, CA 95242, presents a compelling investment opportunity in a thriving San Joaquin County retail market. This well-maintained 70,148 square foot strip mall offers high visibility and inline retail spaces, ideal for a variety of businesses. The property boasts a strong, long-term tenant mix, ensuring a stable income stream. Currently, two spaces are available, ranging in size from 800 to 4,885 square feet, providing flexibility for potential tenants. The efficient building design caters to both smaller and larger retail users. Benefit from the property's prominent street visibility and centralized location within Lodi, surrounded by a dense residential population. The strategic placement, just one block from Lodi High School, guarantees high foot traffic and excellent exposure to a diverse customer base. This is an exceptional opportunity to acquire a well-established retail property in a desirable location with significant growth potential. The property's design and location make it an attractive option for businesses seeking a strong presence in the Lodi market. The available spaces offer a chance to establish or expand a retail operation in a vibrant community.

• CAP approach

  CAP return

  Valuation

  6%

  $2,374,040

  6.5%

  $2,191,422

  7%

  $2,034,892

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,454,134

  Geo Method

  $3,454,134

• Alternative Use

  Use

  Valuation

  Residential

  $1,848,546

  Hospitality

  $1,693,259

  Educational

  $1,408,771

  Medical

  $1,457,221

  Retail

  $2,191,422

Location Insight

City

Lodi

County

San Joaquin

State

California

Latitude

38.1373

Longitude

-121.289

CBSA code

44700

CBSA name

STOCKTON, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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