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Investment Highlights
- Over four acres of waterfront land in Monmouth County with direct Raritan Bay access.
- Pending zoning change in process; density approvals in place.
- Existing docks and marina included with the property.
- Architectural plans and design resources available to qualified buyers.
Executive Summary
This offering presents a rare distressed conversion opportunity in Monmouth County’s Keyport waterfront district. Spanning over four acres with direct access to Raritan Bay, the property includes existing docks and a marina, creating a unique platform for redevelopment. Plans on file outline a potential seven-story apartment building, though alternate configurations such as townhomes may be considered. Pending zoning changes and approved density provide a foundation for repositioning, while recent elevation adjustments in the area underscore the need for experienced developers who can navigate complex entitlement processes.
The site’s waterfront location offers inherent value, with proximity to regional transportation corridors and established residential and commercial nodes. This is a time-sensitive, distress-driven situation requiring significant renovation and capital planning. Ideal for developers, builders, and GC-led partnerships, the property supports a large mixed-use redevelopment angle. Architectural resources, including plans and drawings, are available to qualified parties, and buyer representation is offered for vetted investors.
The site’s waterfront location offers inherent value, with proximity to regional transportation corridors and established residential and commercial nodes. This is a time-sensitive, distress-driven situation requiring significant renovation and capital planning. Ideal for developers, builders, and GC-led partnerships, the property supports a large mixed-use redevelopment angle. Architectural resources, including plans and drawings, are available to qualified parties, and buyer representation is offered for vetted investors.
Property Facts
| Price | $6,000,000 | Building Class | B |
| Price Per SF | $2,400 | Lot Size | 4.19 AC |
| Sale Type | Investment | Building Size | 2,500 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Marina | Year Built | 1962 |
| Zoning | RC | ||
| Price | $6,000,000 |
| Price Per SF | $2,400 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Marina |
| Building Class | B |
| Lot Size | 4.19 AC |
| Building Size | 2,500 SF |
| No. Stories | 1 |
| Year Built | 1962 |
| Zoning | RC |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,356,400 | |
| Land Assessment | $2,551,200 | Total Assessment | $3,907,600 |
Property Taxes
Parcel Numbers
Land Assessment
$2,551,200
Improvements Assessment
$1,356,400
Total Assessment
$3,907,600
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165-178 W Front St
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