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245 Union St 1,576 SF 100% Leased Office Building Lodi, NJ 07644 $650,000 ($412.44/SF)



Executive Summary
Rare mixed-use two-unit property in Lodi, grandfathered for professional/commercial use on the ground floor, making it ideal for an accountant, attorney, or similar office use. This versatile property sits on a Res/Com zoned lot and provides flexibility for both investors and owner-users. The first-floor unit flows naturally from a spacious room that was originally the living room into what was formerly the dining room, creating an open, welcoming reception area. Beyond that lies the kitchen, which connects to a side room that was once a bedroom, as well as an exceptionally large additional room perfect for private offices, conference space, or storage. The layout offers the charm of a converted residential home while functioning efficiently as a professional office space. The second floor features a comfortable one-bedroom apartment with laundry, offering steady rental income potential or space for an owner-occupant, adding to the property's income-producing appeal. Parking for 3 cars available. Note that per current grandfathered zoning, the commercial use of the first-floor unit is protected only as long as it remains in professional/commercial use; converting the property to strictly residential use would permanently forfeit the right to use it commercially again in the future.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
1,576 SF
Building Class
B
Year Built
1913
Price
$650,000
Price Per SF
$412.44
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
788 SF
Building FAR
0.50
Lot Size
0.07 AC
Zoning
R-2 - residential district
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Very walkable
80/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 31-00125-02-00003 | Improvements Assessment | $109,200 |
| Land Assessment | $148,300 | Total Assessment | $257,500 |
Property Taxes
Parcel Number
31-00125-02-00003
Land Assessment
$148,300
Improvements Assessment
$109,200
Total Assessment
$257,500
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245 Union St
