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 regulations. Constructed in 1960, this property has undergone recent updates, enhancing its appeal and potential for continued use.
The property is categorized as an investment with a specific subtype of Apartment. This designation suggests a potential for rental income generation, a key consideration for investors. The building class is noted as C, and while specific details on tenancy are not provided, the recent updates indicate a focus on maintaining and improving the asset.
Further details regarding the property include a listed price of $699,000. The building's physical characteristics are defined by its 2,200 square feet of area. While specific information on parking, frontage, and total land area is not detailed in the provided data, the existing structure and its location are key attributes for evaluation.
The property's recent updates are a significant factor for prospective buyers, suggesting a reduced need for immediate capital expenditures. The owner's current occupancy, living rent-free, is a unique aspect of this offering that may influence the transition for a new owner. This commercial building offers a solid foundation for an investment portfolio within the Lodi market.
Matthew P. Mathai
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