248 Union StLodi, NJ 07644

Property Details for 248 Union St

Year built

1925

Construction

BRICK

Lot size

0.14 AC

Property type

Other commercial real estate

APN

31 00115-0000-00020

APU

3100115000000020

Description

This exceptional mixed-use property at 248 Union Street, Lodi, New Jersey, presents a compelling investment opportunity. The 3,900 square foot building sits on a 6,250 square foot lot and is comprised of two spacious two-bedroom apartments and two retail storefronts. Currently, the property is partially leased with month-to-month tenants, offering flexibility for future income generation and potential redevelopment. The asking price is $650,000, translating to a price per square foot of $166.67. The building is a two-story structure situated in a C-NR (Neighborhood Retail District) zoning area, allowing for a variety of commercial uses. This presents a significant value-add opportunity for investors seeking a property with strong potential for increased rental income and appreciation. The property's location in Lodi, Bergen County, New Jersey (zip code 07644) provides convenient access to major transportation routes and a thriving local community. This is an ideal investment for those seeking a hands-on approach to property management or a strong addition to an existing portfolio. The property's current configuration and zoning provide a solid foundation for future growth and profitability.

• Alternative Use

  Use

  Valuation

  Residential

  $1,182,934

  Hospitality

  $1,083,561

  Educational

  $901,510

  Medical

  $932,514

  Retail

  $1,402,349

Location Insight

City

Lodi

County

Bergen

State

New Jersey

Latitude

40.8724

Longitude

-74.0768

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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