61 Spring St, Lodi, NJ 07644

This commercial property, located at 61 Spring St in Lodi, NJ 07644, presents a notable investment opportunity. The building encompasses 2,200 square feet of space and is situated within R2 zoning, offering potential for various commercial uses. Constructed in 1960, this property has undergone recent updates, enhancing its appeal and functionality for a new owner.

The building class is designated as C, and it is categorized as an investment property with a property subtype of Apartment. This configuration suggests a potential for income generation through rental units. The property's recent updates indicate a commitment to maintaining and improving its condition, which can be a significant factor for investors seeking properties with reduced immediate capital expenditure requirements.

Further details regarding specific features such as parking, frontage, and tenancy are not provided in the available data. However, the property's location in Lodi, New Jersey, places it within a developed area with established infrastructure. The provided price for this offering is $699,000.

The zoning designation of R2 is a key aspect for potential buyers to consider, as it dictates the permissible uses and development potential of the site. Understanding the specific regulations associated with R2 zoning in Lodi will be crucial for any prospective investment or operational plans. The building's year of construction, 1960, combined with its recent updates, offers a blend of established structure and modern improvements.

This property is presented as a great investment, with the current owner residing rent-free, which may offer unique transitional possibilities for a buyer. The total land area is not specified in the provided information, nor is the cap rate. Interested parties are encouraged to conduct their own due diligence regarding all aspects of the property and its potential.