Closed$435,000
TLC ≈ $3,753/mo
2 3 1,216 sqft
53 Boxgrove Place, Franklin, NJ 08873
970 Hamilton Street, Franklin, NJ 08873
$399,000
0 beds 0 baths 880 sqft Built 19552 days on marketActive
About this home
Excellent opportunity to own a Business/Industrial zoned property with tremendous potential for an owner-user, investor, or redevelopment project. The existing building offers approximately five offices/rooms, two full bathrooms, gas forced-air heat, central air conditioning, public water, and public sewer. The full basement provides abundant storage or additional workspace potential and features convenient walkout access to the spacious rear yard. A full attic offers even more possibilities for future expansion or use, subject to municipal approvals. Additional improvements include a detached one-car garage, partial fencing, and a concrete patio. The property is situated on an undersized lot. Buyers are encouraged to conduct their own due diligence with the township regarding permitted uses, zoning requirements, and whether any variances or approvals may be required for their intended use or future improvements. Ideally located near shopping, NJ Transit bus routes, train service, and major highways, offering outstanding accessibility for employees, clients, and commuters. Property is being sold strictly AS IS. No kitchen is currently installed. Cash buyers are encouraged; however, buyers may pursue renovation financing through their lender, subject to qualification and lender approval. Buyer is responsible for obtaining all required municipal certificates, inspections, permits, and any approvals required for the property's intended use.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.
Your estimated payment
$4,037/mo
- Real estate (PITI + HOA + PMI)
- $3,710
- Utilities
- $488
- Transportation
- $129
- Other (entertainment)
- $158
Principal + interest$2,570
Property tax + insurance$990
PMI / 2nd mortgage$150
Heating + cooling$82
Internet + TV + phone$158
Water + sewer + garbage$58
Car insurance + maintenance$129
Budget$5,000/mo
Remaining after TLC$963/mo
Purchase price
$399,000
Down payment
$19,950 (5%)
Loan amount
$379,050
APR
7.19%
Quick facts
Type
Commercial
Style
—
Year built
1955
Lot size
0.4522 ac
Stories
1
Heating
Forced Air
Cooling
Central Air
Water
Public
HOA
—
Annual tax
$7,178
MLS #
2618505R
County
Somerset
At a glance
Air conditioning
Home features
Flooring
Laminate, Wood, See Remarks
Roof
Asphalt
Sewer
Sewer Charge, Public Sewer
Lot features
Near Public Transit, Near Shopping, Near Train, Business District
Neighborhood — 08873
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 39,923 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 14.00% | 14.00% | 20.00% |
| Population Density | 1,217 | 1,137 | — |
| Male | 19,252 | 4,307,827 | 147,432,321 |
| Female | 20,671 | 4,525,010 | 151,655,844 |
| Never Married | 9,389 | 1,965,811 | 63,775,926 |
| Married | 16,716 | 3,647,435 | 123,120,365 |
| Separated | 1,619 | 391,239 | 12,639,686 |
| Widowed | 2,239 | 515,172 | 15,467,586 |
| Divorced | 2,415 | 529,393 | 23,075,029 |
| Number Of House Hold | 14,858 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 2.62 | 2.73 | 2.60 |
| Medial Age | 37.61 | 37.15 | 35.46 |
| Median House Hold Income | $77,737 | $63,392 | $48,276 |
| Average House Hold Income | $84,348 | $83,312 | $63,629 |
| P C I | $32,104 | $30,662 | $24,529 |
| M D I | $62,455 | $52,505 | $41,133 |
| A T H E | $62,776 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 81.56% | 81.02% | 77.74% |
(Zip) Code
8873
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 6/29/2026. Provided courtesy of RE/MAX INNOVATION via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.