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- LoopNet Team
840 Hamilton St
Somerset, NJ 08873
Seventy-Seven on Hamilton · Land For Sale
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1.78 AC
INVESTMENT HIGHLIGHTS
- FULLY APPROVED - Shovel ready site with permits available at closing.
- STRONSTRONGG ECONOMIC DRIVERS - Surrounded by multiple schools, national retailers, parks, golf course and a strong daytime workforce population.
- STRATEGIC LOCATION Located minutes west of Rutgers University’s New Brunswick campus, Robert Wood Johnson hospital and major pharmaceutical companies.
- MARKET RATE UNITS - All seventy-seven units are market rate and consist of two-bedroom and one-bedroom units.
- DENSE DEMOGRAPHICS - 247,005 people with an average household income of $114,703 in a five-mile radius.
- MASS TRANSIT - Two miles from New Brunswick train station with direct access to New York City Penn Station.
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Commercial | Total Lot Size | 1.78 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 1.78 AC |
DESCRIPTION
STOP! FOLLOW LINK BELOW FOR CONFIDENTIALITY AGREEMENT AND OFFERING MEMORANDUM LINK: https://www.?marcusmillichap.?com/properties/68768/seventyseven-on-hamilton Marcus & Millichap is pleased to exclusively offer Seventy-Seven on Hamilton, a 77-unit, fully approved project in the dense town of Franklin Township, Somerset County, New Jersey.? The opportunity provides an investor the immediate oppurtunity to develop a diverse bedroom type, mixed-use, project.? Seventy-Seven on Hamilton is situated on 77,500 square feet of land that offers the right developer the opportunity to develop 77 market rate units with ground floor retail space.? The dedicated off-street parking, convenient ground floor retail amenities and local attractions provide a market that supports quick lease-up after construction is completed.? Strategically located close to elementary, middle and high schools, national retailers, major transportation corridors and only two miles from the New Brunswick Train Station which provides direct access to New York Penn Station.? The location allows an investor to capitalize on the strong demographics of 247,005 people in a five-mile radius with an annual household income of $114,703.?
