Listed by Marcus & Millichap - New Jersey
Unpriced
Downtown Keyport Mixed-Use
Details
Property Type Mixed Use, Multifamily
Sub Type Apartment Building, Bar
Square Footage 6,000
Net Rentable (SqFt) 6,000
NOI $197,066
Occupancy 100%
Tenancy Multi
Stories 2
Acreage 0.060
Zoning GC
Ground Lease No
Mixed Use | 6,000 SqFt
Marketing description
Marcus & Millichap is pleased to exclusively present 32 Broad Street, Keyport, Monmouth County, NJ.
Investment highlights
- 100% Occupied +/- 6,000 SF Mixed-Use Property Located on Broad Street in Keyport, Monmouth County, New Jersey
- Ground Floor Retail Space Leased to The Chill Bar, Holding One of Only 12 Retail Consumption Liquor Licenses in Keyport
- Second Floor Consists of 8 SRO'S – Long Term Tenants Paying Rent Weekly
- Transferable Right of First Refusal to Purchase the Tenants' Liquor License Upon Lease Expiration or Business Sale
- Per the Zoning an Additional Third Floor Can Be Developed Allowing For Added Hotel Revenue
- Only Hotel License in Keyport, New Jersey
- The Property Has Been Meticulously Maintained by Ownership – New Roof and Mechanicals Within the Past Few Years, Zero Deferred Maintenance
- Local Property Manager Willing to Stay on For Future Operations
- Waterfront Views – Just one Block From the Keyport Harbor
- Strong Demographics – Over 148K People and an Average Household Income Above $142K within a 5-Mile Radius
Listing Contacts
Listed by Marcus & Millichap - New Jersey
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$197,066.00
$16,422.17/mo
Valuation Metrics
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