332 E Kettleman Lane

Description

332 E Kettleman Lane in Lodi provides a rare opportunity to acquire highly visible commercial buildings totaling 3,944 square feet on 11,231 square foot parcel. The property consists of a 1,200 SF single-family residential home, 1744 SF industrial warehouse building, and 456 SF structure. The property sits along Lodi's busiest commercial thoroughfare with more than 19,500 cars per day. It is just one minute from Highway 99 interchange, one of the Sacramento/Central Valley's major arterials. The property is intriguing to either an owner/user that can benefit from the existing commercial buildings and automobile servicing bays, or to an investor looking to maximize the income stream from the property from the well below market rent. Currently the property is generating $3,000 per month $36,000 per annum in gross revenue, approx $30,775 Net Operating Income reflecting current Cap Rate of 5.56%. General Commercial (GC) zoning is conducive to a variety of uses.