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Keansburg Commercial Building with Apartment

369 Carr Avenue, Keansburg, NJ 07734

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For Sale

$619,000

Commercial building with income-producing apartment in developing beach town.

Type:Commercial

Property size:

2,944 SF

Lot size:

0.14 Acres

Price / SF:

$210/SF

HighLights

Commercial building in developing beach town of Keansburg.
Income‑producing two‑bedroom apartment on the second level.
Large open floor plan commercial space (approx. 2,000 sq.ft.).
Prime location: close to the beach, GSP, buses, trains, ferry, retail shops, and restaurants.
Spacious backyard.
Across from Keansburg Boro Hall.

We can help!

Contact an agent

DEBRA FANELLI

For Sale

$619,000

Commercial building with income-producing apartment in developing beach town.

Type:Commercial

Property size:

2,944 SF

Lot size:

0.14 Acres

Price / SF:

$210/SF

Added:: Mar 21, 2026
Days on Market:: 109
Last Refresh:: Jul 4 at 10:11 am

Property Features for 369 Carr Avenue

General Information

Standard status: Active
Size: 2,944 SF
Lot size: 0.14 Acres
Property subtype: Commercial

Building Details

Year Built: 1945

We can help!

Contact an agent

DEBRA FANELLI

Listing office KELLER WILLIAMS REALTY WEST MONMOUTH

Listing date Mar 21, 2026

Source Corcoran

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 KELLER WILLIAMS REALTY WEST MONMOUTH

HighLights

Commercial building in developing beach town of Keansburg.
Income‑producing two‑bedroom apartment on the second level.
Large open floor plan commercial space (approx. 2,000 sq.ft.).
Prime location: close to the beach, GSP, buses, trains, ferry, retail shops, and restaurants.
Spacious backyard.
Across from Keansburg Boro Hall.

Overview

This commercial building is located in the developing beach town of Keansburg. The property features a commercial space on the first level, offering an open floor plan with approximately 2,000 square feet, storage, a bathroom, 8-foot ceilings, fluorescent lighting, and two large front windows. A spacious backyard is also included. The second level contains an income-producing two-bedroom apartment with approximately 944 square feet. The property is situated close to the beach, Garden State Parkway, buses, trains, ferry, retail shops, and restaurants. It is located across from Keansburg Borough Hall and minutes from the beach. The total property size is approximately 2,944 square feet. This property presents an opportunity for investors, entrepreneurs, and business owners.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$75.2k	$25.56
− Vacancy	−$4.9k	−$1.65
EGI	$70.4k	$23.91
− OpEx	−$21.1k	−$7.17
NOI	$49.3k	$16.74

2,944 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$703.9K

$615.9K – $821.2K (±1% cap)

NOI $49,271 @ 7.0% cap · market cap 7.96%

Second Best

Apartment 5plus

$646.8K

$565.9K – $754.6K (±1% cap)

NOI $45,273 @ 7.0% cap · market cap 7.31%

Theoretical Best

Office A

$768.7K

$672.7K – $896.9K (±1% cap)

NOI $53,812 @ 7.0% cap · market cap 8.69%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Location Insight

Map
Local Demand

City: Keansburg
County: Monmouth
State: New Jersey
Longitude: -74.1319531
Latitude: 40.442168

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For sale
Mixed-use properties
NJ
Keansburg
07734
369 Carr Avenue

What type of property is this?

Mixed-use property - Commercial building with income-producing apartment in developing beach town.

Where is this mixed-use property located?

The property is located at 369 Carr Avenue Keansburg, NJ.

What is the asking price?

The asking price for this property is $619,000.

What are key features of this property?

This property features: Commercial building in developing beach town of Keansburg.; Income‑producing two‑bedroom apartment on the second level.; **Large open floor plan commercial space (approx. 2,000 sq.ft.)**.