Downtown Mixed-Use Building

42 Broad Street Keyport Keyport, NJ 07735

Claim this Listing
For Sale
$685,000

Mixed-use building with first-floor retail space and second-floor residential unit, currently under renovation downtown Keyport.

Property size:
2,900 SF
Price / SF:
$236/SF
Added:
Jun 30, 2026
Days on Market:
12
Last Refresh:
Jul 1 at 5:01 am

Property Features for 42 Broad Street Keyport

General Information

Standard status
Active
Size
2,900 SF

Building Details

Year Built
1900

Listing office

Listing date Jun 30, 2026

Source Remaxwelcomehomenj

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 Roxolana Kuhn


Investment Insights

Based on property information with market context.

This mixed-use property offers a first-floor layout suitable for retail or other commercial use, along with a second-floor residential space. Public remarks indicate approximately 1,500 SF on the first floor and approximately 1,400 SF on the second floor. Renovations have begun, providing a buyer the ability to complete improvements and tailor the spaces to their preferred configuration. Exposed brick walls are highlighted as an existing interior feature that can support flexible design options.

The building is located in downtown Keyport, steps from Keyport Waterfront Park, with proximity to shops, dining, and the waterfront promenade referenced in the remarks. The Main Street setting is intended to support day-to-day visibility for the ground-floor commercial space, while the upper level can provide independent residential living above.

The first-floor area can work for a tenant seeking a street-facing commercial presence, depending on final permitted uses and approvals. On the second floor, the prior configuration was described as a spacious two-bedroom apartment, and the layout may be reconfigurable subject to municipal zoning approval. Given that renovations are underway and permitted uses require due diligence, this property is best suited for an owner or buyer comfortable completing the buildout and coordinating final approvals.

Key Highlights

  • Mixed‑use building in downtown Keyport with first‑floor retail/commercial space and second‑floor residential space
  • First floor offers approx. 1,500 SF of retail or commercial space; second floor offers approx. 1,400 SF of residential space
  • Total building area approx. 2,900 SF across 2 stories

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 (±1% cap)
NOI $44,596 @ 7.0% cap · market cap 6.51%
Second Best
Retail
$591.3K
$517.4K – $689.9K (±1% cap)
NOI $41,393 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$757.2K
$662.6K – $883.5K (±1% cap)
NOI $53,007 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

(Bike/Boat/Book/etc) Store Pharmacy Storage Facility Carpet & Flooring Store Garden Center (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Cosmetic Store (Bike/Boat/Book/etc) Store Pet Store

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

FAQs

What type of property is this?
Mixed-use property - Mixed-use building with first-floor retail space and second-floor residential unit, currently under renovation downtown Keyport.
Where is this mixed-use property located?
The property is located at 42 Broad Street Keyport 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: Mixed‑use building in downtown Keyport with first‑floor retail/commercial space and second‑floor residential space; First floor offers approx. 1,500 SF of retail or commercial space; second floor offers approx. 1,400 SF of residential space; Total building area approx. 2,900 SF across 2 stories
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