$5,000,000
Asbury Park, NJ 07712
MLS# 22513493
39600 sqft
1 / 12
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.
Details
Contract Info
Status: Active
List Date: 2025-05-08
Property Sub-Type: Commercial
Sale: Yes
Lease: No
List Price: $5,000,000
Current Price: $5,000,000
List Price/SqFt: 126.26
New Construction: No
Location
House Number: 710
Street Name: Mattison
Street Suffix: Avenue
County: Monmouth
Municipality: Asbury Park (ASB)
Postal City: Asbury Park
State: NJ
Zip Code: 07712
Area/Section: SE Asbury Pk
Directions: Cookman to the South, Main street to the West and Bond to the East.
General Property Info
# Levels: 5
Apx SqFt: 39600
Apx Year Built: 1911
Garage: No
Acreage: 0.3
Lot Dimensions: 129 x 100
Property Features
Use: Apartments; Art/Frame; Barber/Salon; Medical; Night Club; Professional Service; Professional/Office
Heating: Natural Gas
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: Other - See Remarks
Parking: Off Site
Assessment Status: Assessed
Listing Office: Sackman Realty
Listing Agent: Matthew Warncke
Last Updated: May - 07 - 2026
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