Downtown Mixed-Use
42 Broad Street Keyport Keyport, NJ 07735
42 Broad Street Keyport, Keyport, NJ, 07735
$685,000
For Sale
$685,000
Mixed-use building with first-floor retail space and second-floor residential unit, currently under renovation downtown Keyport.
Property Size2,900 SF
Price / SF$236.21
Days on Market20
Property Features for 42 Broad Street Keyport
General Information
- Standard status
- Active
- Size
- 2,900 SF
Building Details
- Year Built
- 1900
Listing Agency
(609) 891-3848
Listed by
Roxolana Kuhn
(609) 891-3848
Source
Remaxwelcomehomenj
Added: Jun 30 Checked: Jul 19 at 2:45 am
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.
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
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
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
