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245 Union St 1,576 SF 100% Leased Office Building Lodi, NJ 07644 $872,000 CAD ($553.30 CAD/SF)
INVESTMENT HIGHLIGHTS
- Flexible layout with office and residential components
- Located minutes from Teterboro Airport and NYC access points
- Ideal for conversion to two-family or live-work use
EXECUTIVE SUMMARY
Located in the heart of Lodi, NJ, 245 Union Street presents a compelling opportunity for investors or owner-occupants seeking a versatile mixed-use asset in a high-demand Bergen County submarket. This ±1,800 SF two-story building is currently configured with a professional office on the ground floor and a one-bedroom apartment above, offering immediate income potential and flexible use scenarios.
The property’s R-2 zoning opens the door for conversion to a two-family residence, making it ideal for buyers looking to maximize residential value or create a live-work arrangement. Situated on a 0.07-acre lot, the site benefits from proximity to major transportation corridors including Route 17, Route 4, and Interstate 80, with Teterboro Airport and the George Washington Bridge just minutes away. The location also offers convenient access to NYC, Newark Liberty International Airport, and surrounding business districts.
The property’s R-2 zoning opens the door for conversion to a two-family residence, making it ideal for buyers looking to maximize residential value or create a live-work arrangement. Situated on a 0.07-acre lot, the site benefits from proximity to major transportation corridors including Route 17, Route 4, and Interstate 80, with Teterboro Airport and the George Washington Bridge just minutes away. The location also offers convenient access to NYC, Newark Liberty International Airport, and surrounding business districts.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
1,576 SF
Building Class
B
Year Built
1913
Price
$872,000 CAD
Price Per SF
$553.30 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
788 SF
Building FAR
0.50
Lot Size
0.07 AC
Zoning
R-2 - residential district
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 31-00125-02-00003 | Improvements Assessment | $152,984 CAD |
| Land Assessment | $207,761 CAD | Total Assessment | $360,745 CAD |
PROPERTY TAXES
Parcel Number
31-00125-02-00003
Land Assessment
$207,761 CAD
Improvements Assessment
$152,984 CAD
Total Assessment
$360,745 CAD
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245 Union St
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