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Under Contract
60-62 Carr Ave
Shore area currently operating restaurant and bar
Listing Contacts
Under Contract
Property is under contract
Address
60 Carr Ave, Keansburg, NJ 07734
Show on MapDate Added
Nov 7, 2023
Days on Market
500 days
Time Since Last Update
22 days
Details
Property TypeHospitality, Mixed Use, Multifamily
SubtypeApartment Building
Investment TypeOwner/User
Investment Sub TypeSale
Square Footage5,906
Net Rentable (sq ft)5,906
Occupancy100%
Keys1
Buildings1
Stories2
ZoningC-0
Lot Size (sq ft)9,200
Marketing Description
Fantastic opportunity to own this great property that is home to 4 one bedroom apartments and restaurant and bar. Up and coming area of the shore and right in the middle of a re development area in Keansburg NJ. One block to the ocean and the famous Keansburg pier. The property consists of a 5906 SF building and an additional lot that is currently being used as an outdoor patio and tiki bar. Endless opportunity in a development zone to add more square footage to the bar, add more apartments or just run it as it is. The Carr Avenue development, to be completed in 2024, will add over 700 apartments to the immediate area as well as 45000 SF of entertainment and retail space and 1000 parking spots. Download the memorandum and see what Keansburg has to offer and get in on the town relaunch at a very affordable level with a nice cash flow building. Rents are currently below market and can be increased.
Valuation Calculator
Valuation Calculator
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$126,637.00
$10,553.08/mo
Valuation Metrics
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DSCR
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Cap Rate
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ROI
Property History
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Listing Contacts
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