160 US Highway 46 E - Storefront FOR SALE


Lodi, NJ 07644
$1,350,000 USD
732-232-4351
160 US Highway 46 E, Lodi, NJ for Sale
$1,350,000 USD
Storefront - FOR SALE
1/6
null | Request Cap Rate

160 US Highway 46 E
Lodi, NJ 07644


HIGHLIGHTS

  • Owner-User & Repositioning Opportunity
  • Strategic Retail Location
  • High Traffic Counts
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase 160-164 US Route 46 E, a two-unit retail plaza in Lodi, New Jersey (the “Property”). The Property consists of two separate tax parcels, including a 0.37-acre parcel at 164 US Route 46 E that is improved by a two-unit, 3,082 square-foot retail building and a 0.11-acre parcel at 160 US Route 46 E that serves as a dedicated parking lot. The building is currently occupied by Avis/Budget Car Rental and Absolute Insurance; Avis/Budget has two years of term remaining on their lease with 2.5% annual rent increases; Absolute Insurance will vacate their space at the end of their current term (10/31/2026), offering an attractive opportunity for an owner- user in a strong market with attractive zoning, or repositioning through leasing to a new tenant. The Property is well-located along US Route 46 East, one of Bergen County’s primary commercial and commuter corridors, offering excellent visibility and accessibility. Positioned at the intersection with Christopher Street, the Property benefits from a prominent presence along this heavily traveled roadway and is just minutes from Interstate 80 and Route 17, providing convenient regional connectivity. The surrounding area is characterized by densely populated residential neighborhoods that supply a strong and consistent consumer base, along with a mix of national retailers, local businesses, and dining options that drive daily traffic to the corridor. The Property’s strategic location within close proximity to Paramus and Hackensack further enhances its appeal, offering flexibility for an owner-user or investor seeking to capitalize on the corridor’s established retail demand.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$438 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

160 Route 46

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

CH

APN/PARCEL ID

31-00229-0000-00034

ASK ABOUT THIS PROPERTY

Michael LombardiHorvath & TremblayMore Info
732-232-4351

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Michael LombardiHorvath & TremblayMore Info
732-232-4351

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.