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
IDX
Last Updated: October - 06 - 2025
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