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587 Hamilton St
Somerset, NJ 08873
587 Hamilton St. Somerset · Land For Sale · 0.29 AC

INVESTMENT HIGHLIGHTS

  • Major Redevelopment Zone
  • APPROVED Resolution Letter obtained from the Borough of Somerset
  • NO Retail Space Necessary

PROPERTY FACTS

Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 0.29 AC
No. Stories 1
Zoning HBD

DESCRIPTION

Calling for all builders/developers. Here's your opportunity to capitalize on the rapidly growing demand for new construction in Somerset. The subject property lot is 12,500 sqft with APPROVED plans to develop 3-Story 9 Unit Apartment building. Land is shovel ready for new owners to break ground. This opportunity provides great potential as one can be benefited from the increase demand for rentals and apartments in the neighborhood. RWJ Hospital is 1 mile away and Rutgers Univ-New Brunswick is 3 miles away.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-00204-0000-00018
Land Assessment
$720,000
Improvements Assessment
$5,000
Total Assessment
$725,000
  • Listing ID: 24108421

  • Date on Market: 9/16/2021

  • Last Updated:

  • Address: 587 Hamilton St, Somerset, NJ 08873

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