Property Type:
Commercial
Square Footage:
39,600
Lot Size (sq. ft.):
13,068
Status:
Active
Current Price:
$5,000,000
List Date:
5/08/2025
Last Modified:
5/07/2026
Overview
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.
Last Updated: May - 07 - 2026
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