Mixed-Use Live-Work
For Sale
$850,000
801 Hughes Dr, Hamilton, NJ 08690
Corner mixed-use building with a first-floor chiropractic office and an upstairs residential unit plus private 6-car parking.
Property Size5,100 SF
Price / SF$166.67
Days on Market143
Property Features for 801 Hughes Dr
General Information
Standard status
Active
Size
5,100 SF
Total Parking Spaces
6
Building Details
Year Built
1989
Listing Agency:
RE/MAX Central - Manalapan
Listed By:
Matthew Tully · License #2075152
(908) 376-9942
Source:
Mynewjerseyrealestate
Added: Jun 3
Changed: Oct 1
Last Checked: Oct 7 at 1:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Central - Manalapan
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Investment Insights
Based on property information with market context.
This mixed-use building combines a first-floor commercial office with a second-floor residential unit. The upstairs residence features wood flooring, soaring ceilings, a spacious living room with a wood-burning fireplace, and skylights for natural light. It includes a formal dining room flowing into an eat-in kitchen with ample cabinetry, a double oven, refrigerator, dishwasher, and cooktop. The primary suite offers a private full bathroom with a shower stall, soaking tub, and double sink vanity, along with two additional bedrooms and a second full bathroom. Interior access on the first level connects to an oversized 2-car garage and a partially finished basement providing additional usable space.
The commercial portion is currently set up as a chiropractic office with handicap accessibility, a reception area, a large waiting room, six private patient/exam rooms, and a half bathroom. Located on a highly visible corner lot at the intersection of Hughes Drive and Edinburg Road, the property includes a private 6-car parking lot for convenience.
The commercial portion is currently set up as a chiropractic office with handicap accessibility, a reception area, a large waiting room, six private patient/exam rooms, and a half bathroom. Located on a highly visible corner lot at the intersection of Hughes Drive and Edinburg Road, the property includes a private 6-car parking lot for convenience.
Key Highlights
- Corner mixed‑use building on Hughes Drive & Edinburg Road, currently operated with a commercial variance
- Upstairs residential unit with wood flooring, soaring ceilings, wood‑burning fireplace, and skylights
- Residential layout includes 3 bedrooms, 2 full bathrooms, formal dining, and an eat‑in kitchen with double oven plus dishwasher and cooktop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,820
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,416,400
$1.4M
Cap Rate 7%
$1,011,714
$1.0M
Cap Rate 9%
$786,889
$786.9K
Market Conditions
NOI Build-Up for 5,100 SF
Gross rent
$150.6K $29.52/SF
− Vacancy
−$32.5K −$6.38/SF
EGI
$118.0K $23.14/SF
− OpEx
−$47.2K −$9.26/SF
NOI
$70.8K $13.89/SF
Area
Mercer County, NJ
Vacancy
21.60%
Lease Rate
$29.52 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,416,400
Cap Rate 7%
$1,011,714
Cap Rate 9%
$786,889
Alternative Uses
Best Use
Healthcare Medical
$1.01M
$885.3K – $1.18M
NOI $70,820 @ 7.0% cap · market cap 8.33%
Second Best
Mixed Use
$961.7K
$841.5K – $1.12M
NOI $67,320 @ 7.0% cap · market cap 7.92%
Theoretical Best
Warehouse
$1.64M
$1.44M – $1.91M
NOI $114,860 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 08690, NJ
19,470
Population
8,068
Households
2.4
Avg Household Size
47
Median Age
45%
College-Educated
95%
High-School Grad
7.0 sq mi
ZIP Area
2,781
Density / Sq Mi
$122,665
Median Household Income
$65,581
Median Earnings
$1,561
Median Rent
$362,700
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - Corner mixed-use building with a first-floor chiropractic office and an upstairs residential unit plus private 6-car parking.
Where is this live-work space located?
The property is located at 801 Hughes Dr Hamilton, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Corner mixed‑use building on Hughes Drive & Edinburg Road, currently operated with a commercial variance; Upstairs residential unit with wood flooring, soaring ceilings, wood‑burning fireplace, and skylights; Residential layout includes 3 bedrooms, 2 full bathrooms, formal dining, and an eat‑in kitchen with double oven plus dishwasher and cooktop
