Property Listing No Longer Available for Sale

24 W Elm St., Lodi, CA

Retail for Sale - $775,000 - 9,640 Sq. Ft. on 0.12 acres


Property Info

CIMLS#860498
Location
  24 W Elm St.
  Lodi CA 95240
UpdatedJuly 28th, 2016
TypeRetail
Price$775,000
Building9,640 Sq. Ft.
Land0.12 acres

Property Description

24 W Elm St., Lodi is located in the heart of downtown. Downtown Lodi has gone through extensive redevelopment making it a desirable location for businesses, restaurants, bars, and housing. 24 W Elm St., Lodi consists of street retail and upstairs office spaces comprising of +/- 9,640 SF plus a below ground basement estimated at 3,670 SF. The retail space has completed improvements which include electrical, flooring, drywall, and paint. 24 W Elm St. is ideal for an owner-user to occupy a portion of the space and lease the other portion to collect income. The property has an open lay-out that can accomodate multiple uses. Street parking is available on W Elm and N School St. 24 W Elm St., is demised into 3 separate spaces with 3 separate electrical meters.

The upstairs units can be used as Executive Office Suites or potentially converted to multifamily residential housing.

Location Description:

Located in vibrant downtown Lodi. Much of the downtown has been redeveloped and features breweries, restaurants, wine-tasting rooms, and apartment housing. The subject property is located just one block from Century Theaters and Cold Stone Ice Cream.

Highlights:

>> Located in desirable downtown Lodi which has been redeveloped

>> Just one block from Century Movie Theaters and other restaurants

>> Street retail can be demised into 2-3 spaces with frontage on N School St.

>> Updated electrical, paint, drywall, and other improvements

>> Excellent Owner-User opportunity

>> Upstairs Offices should be leased as executive office suites

>> Large downstairs storage basement for wine cellar or document vault

* Email for additional photos


Financials

Sales Info:

>> Commision split: 2.5%


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