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201 Homestead Road 201 Homestead Rd

2,200 SF 100% Leased Light Industrial Building Hillsborough, NJ 08844 £352,103 (£160/SF)

Investment Highlights

  • Close to Route 206
  • New Flooring
  • Possible Warehousing Next Door.
  • Two Fireplaces
  • Fresh paint.
  • Plenty of TECD possible commercial uses

Executive Summary

Located on a 1 acre lot, this 2,200 square foot current residence was rezoned TECD offers convenient one floor commercial possibilities. This ranch boasts large open spaces featuring a 28' x 13' room with a wood burning stove and a 27' x 23' room with a 2nd wood burning fireplace. The second room also offers a kitchenette with a range and refrigerator great for meetings. The front room is open to the 14' x 10' space and a 14' x 10' kitchen with a range, refrigerator and built-in dishwasher. The building boasts beamed ceilings, recessed lighting, new light fixtures, new easy to care for laminate flooring, fresh paint, ceiling fans and a patio. Although serviceable, the building is in need of a new septic and windows. Hence, the price reflects these needs. There is a sewer line 306 feet to the west on Homestead Road. And if the warehouses are approved, they will run the sewer line run in front of this property. The two big rooms with fireplaces are on opposite sides of the home with separate entrances. The building offers 2 full bathrooms and 4 offices. Within 2 miles, are plenty of restaurants, Shop-Rite, Movie Cinema. Zoned TECD, the home can be converted to plenty of commercial uses with a variance for an undersized lot. No assurances are provided regarding environmental conditions. All buyers are advised to conduct due diligence including off-site conditions. Plenty of possible TECD uses are attached with documents.
Do not enter the old garage in the back or 2 sheds that are outside the property line. The east side property line ends with a stream beyond the trees and weeds. The west side ends between the patio and trees behind the home. The north property line ends with the flagged stake & my arrow signs.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

Property Facts Under Contract

Price £352,103
Price Per SF £160
Sale Type Investment or Owner User
Property Type Light Industrial
Rentable Building Area 2,200 SF
Number of Floors 1
Year Built/Renovated 1965/2024

Amenities

  • Yard
  • Recessed Lighting
  • Smoke Detector

zoning

Zoning Code TECD (Currently a Residence but Town re-zoned the area to TECD. The property is only 1 Acre and the zoning requires 5 acres so a variance will be required.)
TECD (Currently a Residence but Town re-zoned the area to TECD. The property is only 1 Acre and the zoning requires 5 acres so a variance will be required.)
  • Listing ID: 33708276

  • Date on Market: 31/10/2024

  • Last Updated:

  • Address: 201 Homestead Rd, Hillsborough, NJ 08844

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