Downtown Keyport Mixed-Use
42 Broad Street, Keyport, NJ 07735
Mixed-use property in downtown Keyport near the waterfront park.
Type:Commercial
Property size:
2,900 SFPrice / SF:
$236/SF- Added:
- Apr 10, 2026
- Days on Market:
- 55
- Last Refresh:
- Apr 10 at 8:10 pm
Property Features for 42 Broad Street
General Information
- Standard status
- Active
- Size
- 2,900 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agent DENNIS FOTOPOULOS License #2297828
Listing office HERITAGE HOUSE SOTHEBY'S INTERNATIONAL REALTY (732) 946-9200
Listing date Apr 10, 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 HERITAGE HOUSE SOTHEBY'S INTERNATIONAL REALTY
HighLights
- Prime Main Street location in downtown Keyport, steps from Keyport Waterfront Park.
- Mixed‑use property with approximately 1,500 SF of retail/commercial space and 1,400 SF of residential space.
- Opportunity to customize and complete ongoing renovations.
- Strong visibility for the commercial space.
- Exposed brick walls adding historical character.
- Second floor previously configured as a spacious two‑bedroom apartment.
Overview
This mixed-use property is located in the heart of downtown Keyport, steps from Keyport Waterfront Park. Situated on Main Street, it benefits from a setting near shops, dining, and the waterfront promenade. The first floor provides approximately 1,500 SF of retail or commercial space with strong visibility. The second floor offers approximately 1,400 SF of residential space. Renovations have begun, presenting an opportunity for a buyer to complete and customize the property. Exposed brick walls add historical character and flexible design appeal. The second floor was previously configured as a spacious two-bedroom apartment and may offer potential for reconfiguration, subject to municipal zoning and Planning Board approval. Buyer to conduct due diligence regarding permitted uses and approvals.
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 | $87.0k | $30.00 |
| − Vacancy | −$5.9k | −$2.04 |
| EGI | $81.1k | $27.96 |
| − OpEx | −$36.5k | −$12.58 |
| NOI | $44.6k | $15.38 |
2,900 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$637.1K
$557.5K – $743.3K
NOI $44,596 @ 7.0% cap · market cap 6.51%
Second Best
Retail
$591.3K
$517.4K – $689.9K
NOI $41,393 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$757.2K
$662.6K – $883.5K
NOI $53,007 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Keyport
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.2022715
- Latitude
- 40.437778
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property in downtown Keyport near the waterfront park.
Where is this mixed-use property located?
The property is located at 42 Broad Street Keyport, NJ.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Prime Main Street location in downtown Keyport, steps from Keyport Waterfront Park.; Mixed‑use property with approximately 1,500 SF of retail/commercial space and 1,400 SF of residential space.; Opportunity to customize and complete ongoing renovations.
