Basic Details
- Date added: Added 1 month ago
- Type: Commercial
- Category: For Sale
- Status: Open
Description
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Description:
1,576 SF 100% Leased Office Building Lodi, NJ 07644 $625,000 ($396.57/SF)
Located in the heart of Lodi, NJ, 245 Union Street presents a compelling opportunity for investors or owner-occupants seeking a versatile mixed-use asset in a high-demand Bergen County submarket. This ±1,800 SF two-story building is currently configured with a professional office on the ground floor and a one-bedroom apartment above, offering immediate income potential and flexible use scenarios. The property’s R-2 zoning opens the door for conversion to a two-family residence, making it ideal for buyers looking to maximize residential value or create a live-work arrangement. Situated on a 0.07-acre lot, the site benefits from proximity to major transportation corridors including Route 17, Route 4, and Interstate 80, with Teterboro Airport and the George Washington Bridge just minutes away. The location also offers convenient access to NYC, Newark Liberty International Airport, and surrounding business districts.
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Property Details
- Area: 1,576 sq ft
- Year built: 1913
- Sale Type: Investment
- Building Size: 1,576 SF
- Building Class: B
- Typical Floor Size: 788 SF
- Tenancy: Multiple
- Percent Leased: 100%
- Building Height: 2 Stories
- Building Far: 0.50
- Zoning: R-2 - residential district
Highlights
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- Flexible layout with office and residential components
- Located minutes from Teterboro Airport and NYC access points
- Ideal for conversion to two-family or live-work use
Property Taxes
- Parcel Number: 31-00125-02-00003
- Land Assessment: $148,300
- Improvements Assessment: $109,200
- Total Assessment: $257,500
Agent
Jonathan Kristofich
NAI James E. Hanson, Inc.
Ayush Patel
NAI James E. Hanson, Inc.
Location
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