Closed$549,900
TLC ≈ $4,391/mo
3 3 1,650 sqft
85 Homestead Drive, Old Bridge, NJ 07747
3960 Highway 516 Highway, Old Bridge, NJ 07747
$899,999
0 beds 0 baths 1,462 sqft Built 19200 days on marketActive
About this home
Prime commercial opportunity in Old Bridge/Matawan. Outstanding opportunity to own approxomately 3 acres along highly traveled Highway 516 in Old Bridge. This well-positioned property offers excellent visability, substantial road frontage, and convenient access to Major Highways, Shopping, residential communities, and surrounding commercial development. This property currently includes an approximate 1462 sq ft building with additional detached garage, providing flexibility for an owner-user, investor or potential redevelopment opportunity. Located within Old Bridge's Town Center District (TCD ) Subarea 1A, the site offer exciting possibilities for a variety of commercial and mixed-use concepts, subject yo municipal approvals. With approximately 156, 800 sq. ft. of land, strong traffic exposure and a strategic location connecting Old Bridge and Matawan areas. This property presents a rare opportunity for a business owner, developer or investor looking to establish a presence in one of Central Jerseys desirable growth corridors. High visibility, tremendous potential. Buyer to perform due diligence regarding zoning permitted uses and approvals.
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 4% APR.
Your estimated payment
$6,231/mo
- Real estate (PITI + HOA + PMI)
- $6,100
- Utilities
- $497
- Transportation
- $124
- Other (entertainment)
- $143
Principal + interest$4,082
Property tax + insurance$1,680
PMI / 2nd mortgage$338
Heating + cooling$94
Internet + TV + phone$143
Water + sewer + garbage$58
Car insurance + maintenance$124
Budget$6,731/mo
Remaining after TLC$500/mo
Purchase price
$899,999
Down payment
$45,000 (5%)
Loan amount
$854,999
APR
4%
Quick facts
Type
Commercial
Style
—
Year built
1920
Lot size
2.5 ac
Stories
2
Heating
Baseboard, Radiant, Central
Cooling
Wall Unit(s), Window Unit(s)
Water
Private
HOA
—
Annual tax
$9,799
MLS #
2702756R
County
Middlesex
Home features
Appliances
Refrigeration
Interior
RefrigerationCarpeting
Parking
On Site
Flooring
Carpet, Tile
Roof
Asphalt
Sewer
Public Sewer
Lot features
Commercial Area, Highway Location, Wooded
Neighborhood — 07747
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 36,122 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 17.00% | 14.00% | 20.00% |
| Population Density | 2,796 | 1,137 | — |
| Male | 17,640 | 4,307,827 | 147,432,321 |
| Female | 18,482 | 4,525,010 | 151,655,844 |
| Never Married | 6,831 | 1,965,811 | 63,775,926 |
| Married | 17,368 | 3,647,435 | 123,120,365 |
| Separated | 791 | 391,239 | 12,639,686 |
| Widowed | 1,853 | 515,172 | 15,467,586 |
| Divorced | 1,990 | 529,393 | 23,075,029 |
| Number Of House Hold | 13,435 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 2.67 | 2.73 | 2.60 |
| Medial Age | 37.48 | 37.15 | 35.46 |
| Median House Hold Income | $80,895 | $63,392 | $48,276 |
| Average House Hold Income | $90,720 | $83,312 | $63,629 |
| P C I | $34,065 | $30,662 | $24,529 |
| M D I | $64,640 | $52,505 | $41,133 |
| A T H E | $65,848 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 81.54% | 81.02% | 77.74% |
(Zip) Code
7747
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 8/14/2026. Provided courtesy of NEXTHOME NATIONS REALTY via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.