527 Lake Ave - Freestanding FOR SALE


Asbury Park, NJ 07712
$6,500,000 USD
848-217-5117
527 Lake Ave, Asbury Park, NJ for Sale
$6,500,000 USD
Freestanding - FOR SALE
1/39
null | 5% Cap Rate

527 Lake Ave
Asbury Park, NJ 07712


OVERVIEW

A rare opportunity to purchase a fully built-out, high capacity restaurant space in one of New Jersey's most vibrant and fast-growing coastal destination. 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. This space features a fully built out kitchen, enormous rooftop deck designed to accommodate large crowds. 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. The vacant restaurant space has a 6,000 SF main dining area with kitchen and bar, 4,000 SF of basement space and prep area, and a fully built out 9,100 SF roof top deck with full bar, prep kitchen and bathrooms. Building has an additional 3,000 sf tenant: Asbury Park Distilling Co. CALL NOW FOR MORE INFORMATION

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$325 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

CBD

APN/PARCEL ID

04-03105-0000-00004-02

ASK ABOUT THIS PROPERTY

Morgan SackmanSackman RealtyMore Info
848-217-5117

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Morgan SackmanSackman RealtyMore Info
848-217-5117

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.