704-720 Mattison Ave - Apartments FOR SALE


Asbury Park, NJ 07712
$5,000,000 USD
848-217-5117
704-720 Mattison Ave, Asbury Park, NJ for Sale
$5,000,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

704-720 Mattison Ave
Asbury Park, NJ 07712


OVERVIEW

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. Please contact agents for more information.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$81 USD /SF

# OF UNITS

55

PRICE/UNIT

$90,909

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1911

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,898 SF

ZONING

CBD Mixed Use

APN/PARCEL ID

04-02402-0000-00003

ASK ABOUT THIS PROPERTY

Morgan SackmanSackman RealtyMore Info
848-217-5117

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Morgan SackmanSackman RealtyMore Info
848-217-5117

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.