385 Passaic Ave, Lodi, NJ 07644
10,240 SF | 100% Leased | Retail Building | Lodi, NJ 07644 | $999,000 ($98/SF)
Asking Price $999,000
- Property Type
-
Retail
- Square Feet
- 10,240 SF
- Price / Square Foot
- $98
Listing Contacts
- Property Info
Property Overview
Value Add Opportunity! Approved seven large apartment conversions (all at free-market rent)! This property presents a great
opportunity for investors or developers to transform a vacant commercial building into a profitable residential complex. With
approved conversion plans for 7 (2 bedrooms, 2 baths per unit) apartments, this project is poised to meet the growing demand for
quality housing in Lodi. The current solid brick building has been completely gutted and ready for construction. Off-street parking is
included as part of approvals. Sweat equity can yield a 10+ cap.
***Reach out to [email protected] for approvals, resolution, & proforma.***
opportunity for investors or developers to transform a vacant commercial building into a profitable residential complex. With
approved conversion plans for 7 (2 bedrooms, 2 baths per unit) apartments, this project is poised to meet the growing demand for
quality housing in Lodi. The current solid brick building has been completely gutted and ready for construction. Off-street parking is
included as part of approvals. Sweat equity can yield a 10+ cap.
***Reach out to [email protected] for approvals, resolution, & proforma.***
Property Details
- Class
- C
- Year Built
- 1926
- Stories
- 2
- Property Subtype
- Storefront Retail/Residential
- Lot Size (sq. ft)
- 5,663 SF
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