1110 Lodi Ave Lodi, CA 95240-3314
- Theaters & concert halls
- 9,989 SF
- 0.51 lot acres
Current Use by Public Records
- sunset theatre / Movie Theater
Property Details for 1110 Lodi Ave
- Year built
- 1948
- Lot size
- 0.51 lot acres
- Property size
- 9,989 SF
- Zone code
- 42
- Property type
- Theaters & concert halls
- APN
- 033-100-190-000
- APU
- 33100190000
Description
This exceptional commercial property in Lodi, California, presents a unique investment opportunity. Located at 1110 W Lodi Ave (APN 033-100-15), this combined corner lot encompasses two parcels, previously occupied by the Sunset Theater and Alexander's Bakery. The property is zoned for theater use and is offered at an asking price of $1,350,000. The Sunset Theater, a concrete structure with a roof (requiring minor repairs), is ready for redevelopment. All hazardous materials have been professionally removed, and the site is fully prepared for construction. Existing infrastructure includes sewer connections, water access, temporary power, drainage to the city system, and underground supply lines, streamlining the building process. Detailed building plans, previously approved by the City of Lodi, are included, along with a lidar scan of the theater prior to demolition. The Sunset Theater's prior approval for addition to the National Register of Historic Places by the United States Park Service offers a potential 20% tax credit for restoration costs, spread over five years. This represents a significant cost savings compared to the cleanup expenses already incurred. This is a rare chance to acquire a build-ready commercial property in a desirable location at a price significantly below the investment in site preparation.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,100,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,055,000
- 6.5%
- $995,000
- 7%
- $1,170,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,245,000
- Geo Method
- $1,060,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $990,000
- Retail
- $990,000
- Mixed-Use
- $1,195,000
- Hospitality
- $1,085,000
- Educational
- $1,030,000
- Residential Income
- $1,145,000
- Energy
- $1,185,000
- Income-Based Land
- $1,365,000
- Food Service
- $1,190,000
Location Insight
- Map
- Local Demand
- City
- Lodi
- County
- San Joaquin
- State
- California
- Longitude
- -121.287
- Latitude
- 38.1296
- CBSA code
- 44700
- CBSA name
- STOCKTON, CA METROPOLITAN STATISTICAL AREA
