Property summary
This exceptional 7.6-acre commercial land parcel in Hamilton Township, New Jersey, presents a significant development opportunity. Located at 28-38 Thomas J Rhodes Industrial Drive (zip code 08619), this property boasts a prime location in Mercer County, offering 1000 feet of street frontage and convenient access to all public utilities. The site is zoned for Manufacturing and Mixed Use, allowing for a wide range of development possibilities. Preliminary assessments suggest the land could support the construction of a warehouse up to 75,000 square feet, with permitted building clearances of 40 feet. While some wetlands are present on lots 16-21, the majority of the 7.6 acres are level and wooded, providing a versatile canvas for development. The asking price is $5,000,000, translating to $750,000 per acre. The township is known for its business-friendly environment, and the property's strategic location across the street from FedEx further enhances its appeal. Additionally, the property is situated within a municipality that permits cannabis cultivation, as detailed in the provided link: [Https://ecode360.com/38404265]. This presents a unique opportunity for investors seeking a high-potential industrial development site in a thriving New Jersey location. The total buildable area is estimated at 330,000 square feet.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
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Zoning
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