Freestanding Retail/Restaurant Building on Route
For Sale
Contact for pricing
72 US-46, Lodi, NJ 07644
Freestanding, renovated 3,000 SF retail/restaurant building for sale.
Property Size3,000 SF
Price / SF$416.67
Days on Market230
Property Features for 72 US-46
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail
Listing Agency:
NAI James E. Hanson - Teterboro
Listed By:
Ayush Patel · License #2442649
(201) 488-5800
Source:
Crexi
Added: Feb 17
Changed: Sep 21
Last Checked: Oct 4 at 10:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI James E. Hanson - Teterboro
Investment Insights
Based on property information with market context.
This freestanding retail/restaurant building, encompassing approximately 3,000 square feet, is available for sale. The building has been gut-renovated and features high ceilings and an open floor plan, providing flexibility for various business uses. The property includes new plumbing and a water heater, new natural gas lines, and a new rooftop HVAC system. It also features upgraded 3-phase 400 amps power with two main circuit breaker panels. The restaurant space includes three separate new cooking hood systems, making it a turnkey restaurant opportunity; restaurant equipment is negotiable separately. The exterior features a new parking lot with 18 spaces, new fencing, and an extra-large signage package. Situated on eastbound Route 46, the property is located at a NYC bus stop, approximately 12 miles from the George Washington Bridge, with convenient access to Route 17, 4, Interstate 80, 95, and the Garden State Parkway. The location is in a populated area near an exit/entry ramp and direct entry/exit from local Route 46 east into the parking lot, between two Wal-Mart stores and a Costco, and near many restaurants and businesses. The property is located in a qualified opportunity zone (QOZ), potentially qualifying it for beneficial tax treatment.
Key Highlights
- Freestanding ±3,000 SF retail/restaurant building on eastbound Route 46.
- Gut renovated with high ceilings, open floor plan, new plumbing, water heater, natural gas lines, and rooftop HVAC.
- Newly upgraded 3‑phase - 400 amps power with two main circuit breaker panels.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,878
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,560
$917.6K
Cap Rate 7%
$655,400
$655.4K
Cap Rate 9%
$509,756
$509.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$64.8K $21.60/SF
− Vacancy
−$3.6K −$1.21/SF
EGI
$61.2K $20.39/SF
− OpEx
−$15.3K −$5.10/SF
NOI
$45.9K $15.29/SF
Area
Bergen County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,560
Cap Rate 7%
$655,400
Cap Rate 9%
$509,756
Alternative Uses
Best Use
Specialty Retail
$655.4K
$573.5K – $764.6K
NOI $45,878 @ 7.0% cap · market cap 3.67%
Second Best
Retail
$611.7K
$535.3K – $713.7K
NOI $42,820 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$783.4K
$685.4K – $913.9K
NOI $54,835 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,262
Businesses Nearby
204k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Groceries 34%
Dining 15%
Beauty & Spa 1%
ShopRite
Groceries
46,959 visits/mo
0.3 miles
Dollar Tree
Shops & Services
33,709 visits/mo
0.4 miles
Aldi
Groceries
22,204 visits/mo
0.5 miles
QuickChek
Shops & Services
21,132 visits/mo
0.2 miles
Burger King
Dining
16,678 visits/mo
0.4 miles
Demographics for 07644, NJ
26,206
Population
9,864
Households
2.7
Avg Household Size
39
Median Age
28%
College-Educated
85%
High-School Grad
2.3 sq mi
ZIP Area
11,394
Density / Sq Mi
$84,570
Median Household Income
$48,142
Median Earnings
$1,675
Median Rent
$449,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding, renovated 3,000 SF retail/restaurant building for sale.
Where is this conventional restaurant located?
The property is located at 72 US-46 Lodi, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Freestanding ±3,000 SF retail/restaurant building on eastbound Route 46.; Gut renovated with **high ceilings, open floor plan, new plumbing, water heater, natural gas lines, and rooftop HVAC.**; Newly upgraded 3‑phase - 400 amps power with two main circuit breaker panels.
