0 Church St Hamilton Township, NJ 08620
This 1.48-acre residential land parcel in Hamilton Township, Mercer County, New Jersey, presents a unique development opportunity. Located on Church Street, zip code 08620, the property is zoned R-10 and offers fee simple ownership. The site's advantageous location directly abuts the Zachary Arms apartment complex, which is zoned A/T Multi-family, allowing for townhouses and garden apartments. According to the Hamilton Township land use ordinance, this 1.48-acre lot in the A/T zone has the potential to accommodate up to sixteen (16) apartment units or ten (10) townhouses. The current owners are willing to consider a sale contingent upon the buyer securing a use variance for development. This variance could potentially allow for a wider range of uses, including apartments, townhouses, a school, or a childcare center. The property's prime location and development potential make it an attractive investment for builders and developers seeking a promising project in a desirable New Jersey community. The asking price for this exceptional opportunity is $795,000. Latitude and longitude coordinates are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.