527 Lake Avenue, Asbury Park, NJ 07712 (MLS# 22509513)

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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