Mixed-Use Property with Private
300 Broad Street, Red Bank, NJ 07701
For Sale
$1,700,000
Income-producing property combining professional commercial space, a residential apartment, and a detached garage with loft.
Property Size3,769 SF
Price / SF$451.05
Days on Market54
Property Features for 300 Broad Street
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Baseboard Heating
Central Air Cooling
On Site
On Street
Shingle Roof
Sidewalks
Wood Flooring
Building Details
Year Built
Listing Agency:
REAL BROKER, LLC- FAIRFIELD
(855) 450-0442
Listed By:
JOHNNY GUAN
(212) 380-3203
Source:
Corcoran
Added: Sep 15
Changed: Nov 6
Last Checked: Nov 6 at 8:52AM
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 REAL BROKER, LLC- FAIRFIELD
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Investment Insights
Based on property information with market context.
Built in 1901, this 3,769-square-foot mixed-use property combines a first-floor commercial suite with a separate second-floor residence. The commercial area includes reception space, private offices, treatment or conference rooms, hardwood flooring, a full bath, kitchenette, and a full basement for storage. The apartment has two bedrooms, an eat-in kitchen, living room, full bath, hardwood floors, and a private entrance. Plans are in place to reconfigure the apartment into four bedrooms.
A detached three-car garage with loft space adds another functional component and is currently used as a sports facility. The property occupies a prominent corner position with a private parking lot and additional street parking. It is located on Broad Street in Red Bank near restaurants, shopping, entertainment, the train station, the Garden State Parkway, major transportation routes, and the Fort Monmouth area.
A detached three-car garage with loft space adds another functional component and is currently used as a sports facility. The property occupies a prominent corner position with a private parking lot and additional street parking. It is located on Broad Street in Red Bank near restaurants, shopping, entertainment, the train station, the Garden State Parkway, major transportation routes, and the Fort Monmouth area.
Key Highlights
- 3,769‑square‑foot mixed‑use property built in 1901
- First‑floor commercial space with offices, treatment or conference rooms, kitchenette, full bath, and basement storage
- Separate second‑floor two‑bedroom apartment with private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,960
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,159,200
$1.2M
Cap Rate 7%
$828,000
$828.0K
Cap Rate 9%
$644,000
$644.0K
Market Conditions
NOI Build-Up for 3,769 SF
Gross rent
$113.1K $30.00/SF
− Vacancy
−$7.7K −$2.04/SF
EGI
$105.4K $27.96/SF
− OpEx
−$47.4K −$12.58/SF
NOI
$58.0K $15.38/SF
Area
Monmouth County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,159,200
Cap Rate 7%
$828,000
Cap Rate 9%
$644,000
Alternative Uses
Best Use
Apartment 5plus
$828.0K
$724.5K – $966.0K
NOI $57,960 @ 7.0% cap · market cap 3.41%
Second Best
Office B
$823.8K
$720.8K – $961.1K
NOI $57,666 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$984.2K
$861.1K – $1.15M
NOI $68,891 @ 7.0% cap · market cap 4.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,136
Businesses Nearby
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Business Placement
Demographics for 07701, NJ
24,568
Population
11,082
Households
2.2
Avg Household Size
43
Median Age
53%
College-Educated
93%
High-School Grad
9.2 sq mi
ZIP Area
2,670
Density / Sq Mi
$113,630
Median Household Income
$62,309
Median Earnings
$1,971
Median Rent
$551,500
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Monmouth County, NJ
Properties on Market for Mixed-use properties in Monmouth County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing property combining professional commercial space, a residential apartment, and a detached garage with loft.
Where is this mixed-use property located?
The property is located at 300 Broad Street Red Bank, NJ.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 3,769‑square‑foot mixed‑use property built in 1901; First‑floor commercial space with offices, treatment or conference rooms, kitchenette, full bath, and basement storage; Separate second‑floor two‑bedroom apartment with private entrance
