901 S Cherokee Ln
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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)
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £597,774 (2024) | |
Land Assessment | £975,432 (2024) | Total Assessment | £1,573,206 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£975,432 (2024)
Improvements Assessment
£597,774 (2024)
Total Assessment
£1,573,206 (2024)
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901 S Cherokee Ln
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