527 Lake Avenue, Asbury Park, NJ 07712
$3,000,000
Property Type:
Commercial
Status:
Closed
Current Price:
$3,000,000
List Date:
4/03/2025
Last Modified:
1/09/2026
Overview
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.
Listing Details MLS# 22509513
Contract Info
- Property Sub-Type
- Commercial
- Sale
- Yes
- Lease
- No
- New Construction
- No
Location
- House Number
- 527
- Street Name
- Lake
- Street Suffix
- Avenue
- County
- Monmouth
- Municipality
- Asbury Park (ASB)
- Postal City
- Asbury Park
- State
- NJ
- Zip Code
- 07712
- Area/Section
- None
- 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
Status Change Info
- Under Contract Date
- 2025-08-11
- Sold Date
- 2026-01-09
Tax and Legal
- Asmnt - Total
- 0
Use
- Restaurant
- Yes
More Information
Interior
- Passenger Elevator
- Yes
Zoning
- Central Business
- Yes
- Commercial
- Yes
- Mixed
- Yes
- Residential
- Yes
Lot Description
- Lake on Lot
- Yes
Floors
- Concrete
- Yes
Electric
- Other - See Remarks
- Yes
Basement
- Full
- Yes
- Heated
- Yes
- Locked Storage
- Yes
- Tenant Access
- Yes
- Tenant Storage
- Yes
- Walk-Out Access
- Yes
Gas
- On Site
- Yes
Seat Capacity
- 100+
- Yes
Cooling
- Central Air
- Yes
Water Heater
- Natural Gas
- Yes
Heating
- Forced Air
- Yes
Water
- Public Water
- Yes
Sewer
- Public Sewer
- Yes
Parking
- Off Site
- Yes
Assessment Status
- Assessed
- Yes
Construction/Siding
- Brick
- Yes
Roof
- Other
- Yes
Sale Includes
- Equipment/Furniture
- Yes
- Inventory
- Yes
- Machinery
- Yes
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: January - 09 - 2026
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