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42 Broad Street, Keyport 42 Broad St 2,900 SF 100% Leased Retail Building Keyport, NJ 07735 $685,000 ($236.21/SF) 6.50% Cap Rate



Investment Highlights
- Heavy daytime foot traffic
- easy waterfront access, bus stop, redevelopment zone
- Open floor plan with brick walls
Executive Summary
Mixed-use opportunity in the heart of downtown Keyport, just steps from Keyport Waterfront Park. Enjoy a prime Main Street location near shops, dining, and the waterfront promenade. The first floor offers approximately 1,500 SF of retail or commercial space with strong visibility, while the second floor provides approximately 1,400 SF of residential space. Renovations have already begun, creating an excellent opportunity for a buyer to complete and customize the property to their vision. Exposed brick walls add historic character and design appeal throughout. 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. With two new furnaces, updated plumbing, and a newer roof, this property offers a strong head start for a visionary investor, owner-occupant, or developer looking to establish or expand their presence in the growing borough of Keyport.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,900 SF
Year Built
1900
Price
$685,000
Price Per SF
$236.21
Cap Rate
6.50%
NOI
$44,525
Percent Leased
100%
Building Height
2 Stories
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 8
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42 Broad Street, Keyport | 42 Broad St
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