Keyport Mixed-Use Investment
11 W Front Street Keyport, NJ 07735
11 W Front Street, Keyport, NJ, 07735
$1,175,000
For Sale
$1,175,000
Waterfront-adjacent mixed-use property with retail and residential units.
Property Size5,268 SF
Lot Size0.09 Acres
Price / SF$223.04
Days on Market158
Property Features for 11 W Front Street
General Information
- Standard status
- Active
- Size
- 5,268 SF
- Lot size
- 0.09 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency
COLDWELL BANKER REALTY
(732) 462-4242
Listed by
MICHAEL VIKTORENKO · License #2191129
Source
Corcoran
Added: Feb 9 Checked: Jul 15 at 10:38 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This mixed-use investment property is located in Keyport, within Monmouth County's waterfront corridor. The property features a street-level retail space on the first floor, accompanied by two expansive apartments occupying the second and third floors. These apartments include four to five bedrooms each. All units benefit from water views. The property offers existing income potential, with value-add and redevelopment upside, including the possibility to expand or reconfigure the structure and increase unit count, subject to zoning and township approvals. Zoned GC (General Commercial), the property allows for flexible mixed-use strategies. The location benefits from continued regional growth, renewed investment activity, and expanding demand driven by major nearby development, most notably Netflix's expanding presence in Monmouth County. The property is situated in a walkable community along the Monmouth County shorefront. The building size is 5268 square feet.
Key Highlights
- Waterview property with strong tenant appeal
- Mixed‑use investment property with retail and residential units
- Value‑add and redevelopment potential, including expansion possibilities
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.0k | $30.00 |
| − Vacancy | −$10.7k | −$2.04 |
| EGI | $147.3k | $27.96 |
| − OpEx | −$66.3k | −$12.58 |
| NOI | $81.0k | $15.38 |
5,268 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $81,011 @ 7.0% cap · market cap 6.89%
Second Best
Retail
$1.07M
$939.9K – $1.25M
NOI $75,192 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$1.38M
$1.20M – $1.60M
NOI $96,291 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Decorators Fabrics By ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Waterfront-adjacent mixed-use property with retail and residential units.
Where is this mixed-use property located?
The property is located at 11 W Front Street Keyport, NJ.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Waterview property with strong tenant appeal; Mixed‑use investment property with retail and residential units; Value‑add and redevelopment potential, including expansion possibilities
