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    116 Terrace Ave Lodi, NJ 07644

    Sponsored
    For Sale
    $659,000

    Prime Lodi location, excellent office space.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional office building, located at 116 Terrace Avenue in Lodi, New Jersey, presents a compelling investment opportunity. Priced at $659,000, the property offers significant potential for growth and return. While the exact square footage is not currently specified, the building's location in Lodi provides easy access to major transportation routes, ensuring convenient commutes for employees and clients alike. The property sits on a lot of zero acres, suggesting a compact and efficient design. The building's current configuration is ideal for a variety of office uses, making it suitable for a range of businesses. Its strategic location within Lodi offers access to a thriving local economy and a diverse workforce. This presents a unique chance to acquire a well-situated office property in a desirable New Jersey market. Further details regarding the building's interior layout, amenities, and potential for expansion are available upon request. Serious inquiries are encouraged to explore this promising investment opportunity in the vibrant town of Lodi. The property's prime location and competitive price point make it an attractive proposition for both established businesses and new ventures seeking a foothold in a dynamic market. Interested parties are urged to act quickly to secure this exceptional opportunity.

    Property Features for 116 Terrace Ave

    General Information

    Property type
    Office Properties & Spaces
    Property Profile Location Intelligence

    Current Use by Public Records

    HackensackUMG 116 Terrace ... Medical Clinic Dr. Aj J. ... Internist Savia Community Counseling ... Corporate Office Mary Kelly General Practitioner

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lodi
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.08967
    Latitude
    40.86872

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Lodi location, excellent office space.
    Where is this office property / space located?
    The property is located at 116 Terrace Ave Lodi, NJ.
    What is the asking price?
    The asking price for this property is $659,000.
    (201) 833-6001
    Request Owner's contact information
    116 Terrace Ave Lodi, NJ 07644
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    Lodi, NJ 07644
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 Terrace Ave Lodi, NJ 07644
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