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.
39,600 Sq Ft
0.3 Private Acres Exterior Space
Commercial
Built in 1911
MLS/Listing ID 22513493
5 Stories
Parking - Off Site
Listing Courtesy of SACKMAN REALTY, MATTHEW WARNCKE - 732-798-8188
Source of Data: MONMOUTH OCEAN REGIONAL MULTIPLE LISTING SERVICE