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    OFF-MARKET
    Commercial real estate

    397 Passaic Ave, Lodi, NJ 07644-1587

    0.07 ac lot Built 1915
    Individually Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US59-2042688
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 397 Passaic Avenue in Lodi, New Jersey, presents a unique investment opportunity. Priced at $2,000, this property offers significant potential for a variety of commercial uses. While the square footage is not currently specified, the property's location on Passaic Avenue provides excellent visibility and accessibility. The lot size is listed as zero acres, suggesting the property may be a smaller building or a portion of a larger development. The property type is classified as "Other," indicating a need for further investigation into its specific features and permitted uses. Given the price point, this property is ideal for entrepreneurs seeking an affordable entry into the Lodi commercial market or investors looking for a potentially high-return opportunity. Due diligence is recommended to determine the precise square footage, zoning regulations, and potential uses for this property. The absence of detailed information underscores the need for a thorough on-site inspection and review of relevant municipal records. This property is being offered as-is, and interested parties are encouraged to conduct their own independent assessments before making an offer. The low price point presents a compelling opportunity for a buyer willing to undertake the necessary due diligence. Act quickly, as this property is likely to attract significant interest.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1915
    Construction BRICK
    Lot 0.07 ac (2,875 SF)
    APN 31 00009-0000-00055
    UPID US59-2042688
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • SEIU 32 BJ MVID Advocacy Group
    • The Pineapple Image Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Edward J Cuccio · 2 yrs held
    Edward J Cuccio
    since 2023
    2 recorded transactions
    2023
    2010
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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