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$3,000,000

  • Sold
  • Closed
  • Commercial Service
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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.

Full Property Details for 527 Lake Ave

General

  • Sold For: $3,000,000
  • Status: Closed
  • Type: Commercial Service
  • Source: Monmouth
  • MLS ID: 22509513
  • Added to Site: 290 day(s) ago

Business

  • Business Type: Restaurant

Interior

  • Flooring: Concrete

Parking

  • Parking Features: Off-Site

Location

  • Area: Asbury Park (ASB)
  • Municipality: Asbury Park (ASB)
  • County: Monmouth

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air

Utilities

  • Gas: On Site
  • Dist. to Gas: On Site
  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Exterior Const.: Brick
  • Roof: Other
  • Current Bldg. Use: Restaurant

Lot Features

  • Lot Features: Lake on Lot
  • Zoning: Central Business, Commercial, Mixed, Residential

Disclosures and Reports

  • Inclusions: Machinery, Inventory, Equipment/Furniture
  • Property ID: 04-03105-0000-00005
  • Section: None

Listed by Sackman Realty, Matthew Warncke and Sackman Realty, Morgan Sackman
Sold by Sackman Realty, Eva A Michaylin

Listing agents

— 527 Lake Ave —

  • Matthew Warncke

    Sackman Realty

  • Morgan Sackman

    Sackman Realty

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 527 Lake Ave

School District:Asbury Park City School District
NameGradesDistance
Asbury Park High School
1001 Sunset Avenue, Asbury Park, NJ 07712
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 527 Lake Ave

Date
Details
Price
Change
Source
1/09/2026
Sold
$3,000,000
-53.85%
MLS
4/03/2025
Listed
$6,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Sackman Realty, Matthew Warncke and Sackman Realty, Morgan Sackman
Sold by Sackman Realty, Eva A Michaylin

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Listed by Nelson Realtors, Bonnie Hogan

Price Reduced near 527 Lake Ave

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1323 7th Ave, Neptune Township, NJ 07753 - Photo 1 Price Reduced
-$76,000 (-7.79%)
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18 Chapel Ln, Wall Township, NJ 07727 - Photo 1 Price Reduced
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Recent Sales near 527 Lake Ave

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527 Lake Ave, Asbury Park, NJ 07712 - Photo 1 Sold
$3,000,000

527 Lake Ave  Asbury Park, NJ 07712

  • Commercial Lease
  • Closed
Listed by Sackman Realty, Matthew Warncke and Sackman Realty, Morgan Sackman
Sold by Sackman Realty, Eva A Michaylin
614 Cookman Ave, Asbury Park, NJ 07712 - Photo 1 Sold
$2,961,000

614 Cookman Ave  #2nd Floor  Asbury Park, NJ 07712

  • Commercial Lease
  • Closed
Listed by Sackman Realty, Matthew Warncke and Sackman Realty, Morgan Sackman
Sold by Sackman Realty, Morgan Sackman
600 Main St, Asbury Park, NJ 07712 - Photo 1 Sold
$2,950,000

600 Main St  Asbury Park, NJ 07712

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Listed by Barone Commercial Resources LLC, Neil Barone
Sold by Sigman Realty, Matthew H Sigman
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$3,100,000

402 Fifth Ave  Asbury Park, NJ 07712

  • Single Family
  • Closed
  • 6
    Beds
  • 5
    Total Baths
  • 3,412
    Sq. Ft.
Listed by The Connolly Agency, Joseph Baumann and The Connolly Agency, Patrick Cremen
Sold by The Connolly Agency, Joseph Baumann

527 Lake Avenue, Asbury Park, NJ 07712 (MLS# 22509513) is a Commercial Service property that was sold at $3,000,000 on January 09, 2026. Want to learn more about 527 Lake Avenue? Do you have questions about finding other Commercial Service real estate for sale in Asbury Park? You can browse all Asbury Park real estate or contact a Coldwell Banker agent to request more information.