901 S Cherokee Ln - Auto Repair FOR SALE


Lodi, CA 95240
$1,950,000 USD
209-810-8830
901 S Cherokee Ln, Lodi, CA for Sale
$1,950,000 USD
Auto Repair - FOR SALE
1/5
null | 8.3% Cap Rate

901 S Cherokee Ln
Lodi, CA 95240


OVERVIEW

Great Investment Opportunity! This exceptional mixed-use corridor property, located in one of Lodi's busiest business districts, offers unparalleled visibility and access in an extremely high-traffic area. Boasting nearly an acre of land, this income-generating property features 9 units in total, plus a business front and a coin-operated shared laundry, providing excellent extra income potential. Additionally, the property includes 8 single-car garages/storage units, offering even more rental income opportunities. Zoned for mixed-use, it is ideally suited for a wide range of commercial or residential uses, making it a versatile investment opportunity with the potential for increased income. The prime location offers easy access to Highway 99, ensuring high accessibility for customers, clients, or residents, and is just a short distance from downtown Lodi, placing it in the heart of the city's vibrant business community. With the possibility of favorable financing terms, including the option for the seller to carry the note with 50% down payment, this property is an even more attractive investment opportunity. Don't miss the chance to capitalize on this high-potential property in a growing area with significant development opportunities.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$1,263 USD /SF

CAP RATE

8.3%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

MCO Mix use Corridor

APN/PARCEL ID

047-420-07

ASK ABOUT THIS PROPERTY

Randy ThomasCornerstone Real Estate GroupMore Info
209-810-8830

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Randy ThomasCornerstone Real Estate GroupMore Info
209-810-8830

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