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527 Lake Avenue, Asbury Park, NJ 07712
$6,500,000
Property Type:
Commercial
Status:
Pending
Current Price:
$6,500,000
List Date:
4/03/2025
Last Modified:
10/06/2025
Description
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.
More Information MLS# 22509513
Contract Info
Sale: Yes
Lease: No
New Construction: No
Status: Pending
List Date: 2025-04-03
Property Sub-Type: Commercial
List Price: $6,500,000
Current Price: $6,500,000
Location
Area/Section: None
House Number: 527
Street Name: Lake
Street Suffix: Avenue
County: Monmouth
Municipality: Asbury Park (ASB)
Postal City: Asbury Park
State: NJ
Zip Code: 07712
Directions: Lake Ave. to South. Cookman Ave. to North. Emory St. to West. Grand St. to East.
General Property Info
# Levels: 2
Garage: No
# Car Garage: 0
Tax and Legal
Asmnt - Total: 0
Use
Restaurant: 1
Interior
Passenger Elevator: 1
Zoning
Central Business: 1
Commercial: 1
Mixed: 1
Residential: 1
Lot Description
Lake on Lot: 1
Floors
Concrete: 1
Electric
Other - See Remarks: 1
Basement
Full: 1
Heated: 1
Locked Storage: 1
Tenant Access: 1
Tenant Storage: 1
Walk-Out Access: 1
Gas
On Site: 1
Seat Capacity
100+: 1
Cooling
Central Air: 1
Water Heater
Natural Gas: 1
Heating
Forced Air: 1
Water
Public Water: 1
Sewer
Public Sewer: 1
Parking
Off Site: 1
Assessment Status
Assessed: 1
Construction/Siding
Brick: 1
Roof
Other: 1
Sale Includes
Equipment/Furniture: 1
Inventory: 1
Machinery: 1
Status Change Info
Under Contract Date: 2025-08-11
Property Features
Use: Restaurant
Interior: Passenger Elevator
Floors: Concrete
Basement: Full; Heated; Locked Storage; Tenant Access; Tenant Storage; Walk-Out Access
Seat Capacity: 100+
Cooling: Central Air
Heating: Forced Air
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: Other - See Remarks
Parking: Off Site
Roof: Other
Sale Includes: Equipment/Furniture; Inventory; Machinery
Zoning: Central Business; Commercial; Mixed; Residential
Lot Description: Lake on Lot
Assessment Status: Assessed
Listing Office:
Sackman Realty
Listing Agent:
Matthew Warncke
Last Updated: October - 06 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.