Homes for sale - 901 S Cherokee LN, Lodi, CA 95240

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Irik Edens

irik@fullofhearthomes.com +1(530) 350-9522

$ 1,950,000

Est. payment -/mo

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Active

901 S Cherokee LN Lodi, CA 95240

0.96 Acres Lot

UPDATED:

12/09/2024 09:09 PM

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 224127999

HOA Y/N No

Originating Board MLS Metrolist

Lot Size 0.960 Acres

Acres 0.96

Property Description

Great Investment Opportunity! This exceptional mixed-use corridor property, located in one of Lodi's busiest business districts, offers unparalleled visibility and access in an extremely high-traffic area. Boasting nearly an acre of land, this income-generating property features 9 units in total, plus a business front and a coin-operated shared laundry, providing excellent extra income potential. Additionally, the property includes 8 single-car garages/storage units, offering even more rental income opportunities. Zoned for mixed-use, it is ideally suited for a wide range of commercial or residential uses, making it a versatile investment opportunity with the potential for increased income. The prime location offers easy access to Highway 99, ensuring high accessibility for customers, clients, or residents, and is just a short distance from downtown Lodi, placing it in the heart of the city's vibrant business community. With the possibility of favorable financing terms, including the option for the seller to carry the note with 50% down payment, this property is an even more attractive investment opportunity. Don't miss the chance to capitalize on this high-potential property in a growing area with significant development opportunities.

Location

State CA

County San Joaquin

Area 20901

Direction Going north on highway 99 exit Kettleman Lane, left on Kettleman Lane, right on Cherokee Lane property is on the corner of Vine Street and South Cherokee Lane on the left-hand side of Cherokee Lane

Interior

Heating Other

Cooling Other

Flooring Other

Laundry Coin Operated

Exterior

Parking Features Garage, Uncovered, Other

Garage Spaces 8.0

Utilities Available Other

Water Access Desc Public

Total Parking Spaces 8

Building

Lot Description Corner, Other

Story 1

Foundation Other

Sewer Public Sewer

Water Public

Schools

Elementary Schools Lodi Unified

Middle Schools Lodi Unified

High Schools Lodi Unified

School District San Joaquin

Others

Senior Community No

Tax ID 047-390-02

Special Listing Condition None

Listed by Cornerstone Real Estate Group

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Contact Us

+1(530) 350-9522

irik@fullofhearthomes.com