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901 S Cherokee Ln

1,544 SF Retail Building Lodi, CA 95240 £1,562,925 (£1,012/SF) 8.30% Net Initial Yield

Executive Summary

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.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £10,820 £7.01
Other Income - -
Vacancy Loss - -
Effective Gross Income £10,820 £7.01
Net Operating Income - -

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £10,820
Annual Per SF £7.01
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £10,820
Annual Per SF £7.01
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,544 SF
Building Class
B
Year Built
1959
Price
£1,562,925
Price Per SF
£1,012
Net Initial Yield
8.30%
NOI
£129,723
Tenancy
Single
Number of Floors
1
Slab to Slab
11 ft
Building FAR
0.04
Lot Size
0.96 AC
Zoning
MCO Mix use Corridor
Frontage
163 ft on Cherokee Ln
Walk Score ®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

StoragePRO
Dutch Bros
Grocery Outlet
Planet Fitness
Denny's
Santander
Starbucks
Smart & Final
Bank of Stockton
Bank of America

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 047-420-07
  • 047-390-02
Land Assessment
£975,432 (2024)
Improvements Assessment
£597,774 (2024)
Total Assessment
£1,573,206 (2024)
  • Listing ID: 34147850

  • Date on Market: 10/12/2024

  • Last Updated:

  • Address: 901 S Cherokee Ln, Lodi, CA 95240

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