245 Union St, Lodi, NJ 07644

This rare mixed-use property located at 245 Union St in Lodi, NJ 07644, presents a unique opportunity with its grandfathered professional/commercial use on the ground floor. Situated on a Res/Com zoned lot, this versatile building is well-suited for various professional practices, including accounting or legal services, and offers flexibility for both investors and owner-users. The first-floor layout is designed for efficient business operations, featuring a spacious initial room that flows into a former dining area, complete with a half bathroom, creating an inviting reception space. This area seamlessly connects to the kitchen, which then leads to a former bedroom, also equipped with a half bathroom, and an exceptionally large additional room ideal for private offices, conference facilities, or substantial storage.

The design of the first floor effectively blends the character of a converted residential home with the functional requirements of a professional office environment. This thoughtful arrangement ensures a welcoming atmosphere for clients and staff alike. The property's structure, built in 1913, stands as a two-story building with a building class of B, offering approximately 1,576 square feet of space. The R-2 zoning designation for the lot underscores its dual potential, allowing for a combination of residential and commercial activities under its current grandfathered status.

Complementing the commercial space, the second floor comprises a comfortable one-bedroom apartment. This unit includes laundry facilities, presenting a significant opportunity for generating steady rental income or providing on-site accommodation for an owner-occupant. The presence of this residential unit enhances the property's overall income-producing appeal and adds a layer of flexibility for its future use and management. The property is equipped to accommodate multiple tenancies, further contributing to its investment potential.

Parking is a notable convenience at this property, with space available for 3 vehicles, equating to 1.9 spaces per 1,000 square feet of leased area. It is important to note that the grandfathered commercial use of the first-floor unit is protected only as long as it continues to be utilized for professional or commercial purposes. Any conversion of the property to strictly residential use would permanently relinquish the right to operate commercially in the future, making this a critical consideration for prospective buyers.