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527 Lake Avenue Asbury Park, NJ $ 6,500,000
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$ 6,500,000 Get more info
527 Lake Avenue
$ 6,500,000
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527 Lake Avenue

Asbury Park, NJ, 07712
$ 6,500,000
Bedrooms-- Baths--

Monthly Estimate*

$ 40,552

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Commercial Property for sale in Asbury Park, NJ

for $6,500,000.

A rare opportunity to buy a fully built-out, high capacity restaurant in one of New Jersey's most vibrant and fast-growing coastal destinations. Located on a prominent corner in downtown Asbury Park, just blocks from the boardwalk and New Jersey Transit, this venue is ready for immediate operation for the summer under new tenancy. This space features a 6,000 SF main dinning and kitchen area, 4,000 SF basement, 9100 SF built out roof deck with full bar, bathrooms and prep area. With existing infrastructure for food, beverage and live entertainment, the property is ideal for seasoned operators looking to plug into the area's thriving hospitality scene.

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Commercial Pending

Price

$ 6,500,000

Property Type

Commercial

Taxes

$ 0

Style

Town/City

Asbury Park

County/Region

Monmouth

MLS | Web ID

22509513
Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Roof Other
Garage Spaces 0.0
Construction Materials Brick
Stories Count 2
Property Subtype Commercial
Business Type Restaurant
County Monmouth
New Construction N
Property Type Commercial Sale
Garage Y/N N
Building Features Passenger Elevator
Status Pending
Directions Lake Ave. to South. Cookman Ave. to North. Emory St. to West. Grand St. to East.
City Asbury Park
Zoning Description Residential Mixed Commercial Central Business
MLS Area None
Carport Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Asbury Park (ASB)
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Pending
Tax Assessed Value 0
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Interior
Basement Full Heated Locked Storage Tenant Access Tenant Storage Walk-Out Access
Flooring Concrete
Total Fireplaces 0
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
Heating-Forced Air True
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Exterior
Parking Features Off Site
Lot Features Lake on Lot
Water Source Public
Inclusions Machinery Inventory Equipment/Furniture
Spa N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 527
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* Excluded Features
List By
Matthew Warncke

Listing Agent

Sackman Realty

Broker

Affordability Calculator

$40,552
Per Month
100%
0%
0%
Monthly Principal & Interest
$40,552
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
742343 Elementary School
742618 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/3/2025$6,500,000 Listed Price

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527 Lake Avenue, Asbury Park, NJ, 07712 is a Commercial Property for sale at $6,500,000. The property's zip code is 07712 which is in Asbury Park, NJ

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