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544 Hamilton St 7,900 SF 100% Leased Retail Building Somerset, NJ 08873 $1,950,000 ($246.84/SF)
EXECUTIVE SUMMARY
Large 7-door auto repair along rapidly developing Hamilton St. Located in the Hamilton St Business District (HBD) which promotes mixed-use redevelopment. Currently leased to two tenants with a monthly gross of $10,500. Lot size is 0.64 acre with 125' frontage. Approximately 1 mile from RWJ & St Peter's hospitals, College Avenue and the New Brunswick train station.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,900 SF
Building Class
C
Year Built
1965
Price
$1,950,000
Price Per SF
$246.84
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
6 Exterior
Slab To Slab
12’
Building FAR
0.28
Lot Size
0.64 AC
Zoning
HBD - HBD- Hamilton St Business District supports the redevelopment of properties as mixed-use projects.
Parking
15 Spaces (1.9 Spaces per 1,000 SF Leased)
Frontage
74’ on Hamilton St
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 08-00178-0000-00007-01 | Improvements Assessment | $362,000 |
| Land Assessment | $630,000 | Total Assessment | $992,000 |
PROPERTY TAXES
Parcel Number
08-00178-0000-00007-01
Land Assessment
$630,000
Improvements Assessment
$362,000
Total Assessment
$992,000
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544 Hamilton St
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