25 Church St
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25 Church St
22,476 SF Retail Building Keyport, NJ 07735 $3,511,700 CAD ($156 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2022) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $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
$3,511,700 CAD
Price Per SF
$156 CAD
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
14’
Building FAR
0.97
Land Acres
0.53 AC
Zoning
GC - See Attached
Parking
20 Spaces (0.89 Spaces per 1,000 SF Leased)
Frontage
74 ft on Church St
Amenities
- 24 Hour Access
- Corner Lot
- Storage Space
PROPERTY TAXES
| Parcel Number | 24-00093-0000-00001 | Total Assessment | $2,945,308 CAD (2024) |
| Land Assessment | $985,927 CAD (2024) | Annual Taxes | -$22,476 CAD (-$1.00 CAD/SF) |
| Improvements Assessment | $1,959,382 CAD (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
24-00093-0000-00001
Land Assessment
$985,927 CAD (2024)
Improvements Assessment
$1,959,382 CAD (2024)
Total Assessment
$2,945,308 CAD (2024)
Annual Taxes
-$22,476 CAD (-$1.00 CAD/SF)
Tax Year
2022
-
Jonathan Glick -
Sheldon Gross Realty, Inc.
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