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$ 5,000,000
Est. payment | /mo
39,600 SqFt
$ 5,000,000
Est. payment | /mo
39,600 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 39,600 sqft
Price per Sqft $126
Municipality Asbury Park (ASB)
MLS Listing ID 22431808
Originating Board MOREMLS (Monmouth Ocean Regional REALTORS®)
Year Built 1911
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 129 x 100
Property Sub-Type Mixed Use
Property Description
PERFECT OPPORTUNITY ZONE INVESTMENT: This downtown building is already approved for 48 Microunit apartments. The building consists of a development site for the microunit apartments and one of the last remaining historic theaters in Asbury Park, The Savoy Theater. The Savoy opened as a live entertainment venue, a Vaudeville and tour house where Loise Brooks, Milton Berle, and James Cagney have performed. It was designed by Casino architect William Cottrell. Seller will also sell property across the street in order to meet development parking needs, as well as a liquor license for restaurant use.
Location
State NJ
County Monmouth
Area Se Asbury Pk
Direction Cookman to the South, Main street to the West and Bond to the East.
Exterior
Parking Features Off Site
Private Pool No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 04-02402-0000-00003
Listed by Sackman Realty
21 Belle Mead Griggstown Road Suite 107, Belle Mead, NJ, 08502, USA