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Property profile & analytics

397 Passaic Ave Lodi, NJ 07644-1587

  • Commercial real estate
  • 0.07 lot acres
OFF-MARKET
Last Sale
Dec 28, 2023
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US59-2042688
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • SEIU 32 BJ MVID / Labor Union
  • The Pineapple Image / Eyelash Salon / Eyebrow Bar

Property Details for 397 Passaic Ave

Year built
1915
Construction
BRICK
Lot size
0.07 lot acres
Property type
Commercial real estate
APN
31 00009-0000-00055
APU
3100009000000055

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
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  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Lodi
County
Bergen
State
New Jersey
Longitude
-74.0924
Latitude
40.8725
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,744
$138,600
$250,400
$389,000
-
$138,600
$250,400
$389,000
More about this property
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