209 E Highway 12, Lodi, CA 95242, Lodi, 95242 - 2 bed, 1 bath
209 E Highway 12
Lodi, CA 95242
Property Price
SUMMARY
Analysis of 209 E Highway 12, Lodi, CA 95242 is currently available with a list price of $1,600,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Lodi Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property was built in 1915, making it over 100 years old. The listing description and property analysis explicitly state that the existing home and barn are 'likely obsolete for commercial purposes, requiring demolition or extensive renovation.' This indicates the structures are beyond repair for modern use, and the property's value is based solely on the land for redevelopment. No interior images are provided, but given the age and the explicit mention of obsolescence and likely demolition, the kitchen, bathroom, and overall interior condition are presumed to be unlivable or in extremely poor shape.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 186001, living area = 846.
- Prime Commercial Location
Strategically located near major retailers (Lowes, Chili's, In-N-Out, Walmart Super Center) with high visibility on Highway 12, ensuring strong commercial traffic and exposure.
- High Commercial Development Potential
The property is explicitly designated for future commercial use by the City of Lodi, offering tremendous opportunities for various commercial ventures.
CONSRISKS & DEFICIENCIES
- Current Residential Zoning
The property is currently zoned as residential, necessitating a formal rezoning process for commercial development, which can involve time and regulatory hurdles.
- Age and Condition of Existing Structures
The 1915-built home and barn are likely obsolete for commercial purposes, requiring demolition or extensive renovation, adding to development costs.
- Development Process Uncertainty
Commercial development is contingent on city annexation and planning approvals, which can be a lengthy, complex, and potentially uncertain process.
About 209 E Highway 12
Looking for a hotel site? The City of Lodi is currently working on annexing this property into the City. Planned use is commercial, so there are tremendous opportunities for this parcel. Lowes, Chili's and In-N-Out is two parcels to the East! Walmart Super Center is kitty corner. This annexation is sure to be Lodi's next commercial expansion. Get in front of it! If you want to be 1 parcel away from the development, consider buying the adjacent 4.27+/- acres that the Seller has for sale. Yes, a total of 8.54+/- acres are available for your project. Rent out the home and barn while your plans are approved. *Pre-approval and proof of funds must be submitted prior to tours.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1915
- Lot Size
- 186,001 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 5% |
| Baths | 1.0 | 2.0 | 3% |
| Square foot | 846 | 1,918.5 | 3% |
| Lot Size | 186,001 | 6,080.5 | 97% |
| Price | $1.60M | $595.0K | 99% |
| Price per sq ft | $1.9K | $314 | 99% |
| Built year | 1915 | 1991 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 631 | 211 | 99% |
Pricing History
Listed for Sale
Jun 14, 2024
$1,600,000
Initial Listing