25 Church St 22,476 SF Retail Building Keyport, NJ 07735 $2,500,000 ($111.23/SF)
INVESTMENT HIGHLIGHTS
- Versatile Multi Story Building
- Stainless steel trench drains, a walk in refrigerator/freezer in the production room
- Stainless steel cooking hood with exhaust and make-up air.
- Building includes food manufacturer improvements - complete insulated wash-down production room with concrete quartz floors
- Large walk-in freezer in the warehouse, high-speed insulated roll-up doors
- Improvements have a replacement value of well over one million dollars,
EXECUTIVE SUMMARY
Mixed Use Commercial Building for Sale.
-3 Floors. 3rd floor is about 6,000 SF and unfinished which has been priced accordingly.
-1st and 2nd floor are about 8,238 SF each.
- Seller is a food manufacturer and is relocating to larger building.
- Over $1M in improvements sold with building are: 1) insulated wash down production room with concrete quartz floors, 2) Stainless steel french drains, 3) walk in refrigerator/freezer in the production room, 4) 2nd large walk in freezer in the warehouse, 5) high speed insulated roll up doors for securing production area from warehouse,6) stainless steel cooking hood with exhaust and make up air.
-One existing retail tenant in a small 1st floor space on a month to month lease arrangement
- 1st floor restaurant (formerly Drew’s Bay Street Bistro) moved across the street
- There is a non-working freight elevator servicing all floors.
- 2 Drive in doors
- Large paved parking lot
- General Commercially Zoned which includes neighborhood commercial district uses as well
-3 Floors. 3rd floor is about 6,000 SF and unfinished which has been priced accordingly.
-1st and 2nd floor are about 8,238 SF each.
- Seller is a food manufacturer and is relocating to larger building.
- Over $1M in improvements sold with building are: 1) insulated wash down production room with concrete quartz floors, 2) Stainless steel french drains, 3) walk in refrigerator/freezer in the production room, 4) 2nd large walk in freezer in the warehouse, 5) high speed insulated roll up doors for securing production area from warehouse,6) stainless steel cooking hood with exhaust and make up air.
-One existing retail tenant in a small 1st floor space on a month to month lease arrangement
- 1st floor restaurant (formerly Drew’s Bay Street Bistro) moved across the street
- There is a non-working freight elevator servicing all floors.
- 2 Drive in doors
- Large paved parking lot
- General Commercially Zoned which includes neighborhood commercial district uses as well
TAXES & OPERATING EXPENSES (ACTUAL - 2022) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
22,476 SF
Building Class
C
Year Built
1920
Price
$2,500,000
Price Per SF
$111.23
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
14’
Building FAR
0.97
Lot Size
0.53 AC
Zoning
GC - See Attached
Parking
20 Spaces (0.89 Spaces per 1,000 SF Leased)
Frontage
74’ on Church St
AMENITIES
- 24 Hour Access
- Corner Lot
- Storage Space
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 24-00093-0000-00001 | Total Assessment | $2,101,900 (2024) |
| Land Assessment | $703,600 (2024) | Annual Taxes | ($22,476) (($1.00)/SF) |
| Improvements Assessment | $1,398,300 (2024) | Tax Year | 2022 |
