Mattison Avenue

Asbury Park, NJ 07712

$5,000,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by Morgan Sackman • Sackman Realty
  2. Listed by Matthew Warncke • Sackman Realty

Property Details for Mattison Avenue

New Construction
No
Directions
One block from New Jersey transit located in downtown Asbury Park

Location

Listing Courtesy of Sackman Realty
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LISTING UPDATED: 10/24/2023 01:54 PM

Property Details for Mattison Avenue

StatusActive
MLS #22329691
Days on Market191
Taxes$38,517 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Mixed Use
Year Built1911
Lot Size0.30 AC / 13,068 SF
CountyMonmouth County

Location

Listing Courtesy of Sackman Realty
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Building Information for Mattison Avenue

Stories5Residences-Year Built1911Lot Size0.30 AC / 13,068 SF

Payment Calculator

$30,497 per month

30 year fixed, 7.25% Interest

Principal and Interest

$27,287

Property Taxes

$3,210

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for Mattison Avenue

Summary
Location and General Information
  • Area/Section: SE Asbury Pk
  • Postal City: Asbury Park
  • State: NJ
  • Municipality: Asbury Park (ASB)
  • Block: 2402
  • Apx Year Built: 1911.0
Parking
  • Garage: No
  • Parking: Off Site
  • # Car Garage: 0.0
Taxes and HOA Information
  • Tax ID#: 04-02402-0000-00003
  • Taxes: $38,517.00
  • Tax Year: 2022
Property
Lot Information
  • Acreage: 0.3
  • Lot: 3
  • Lot Dimensions: 129 x 100
Property and Assessments
  • Assessment - Total: 2634300.0
  • Assessment - Improvements: 1757100.0
  • Assessment Status: Assessed
  • Asmnt - Land: 877200.0
  • Possession: Immediate
  • Property Sub-Type: Mixed Use
Utilities
  • Water Heater: Natural Gas
  • Electric: Other - See Remarks
  • Gas: On Site
Interior and Exterior Features
Interior Features
  • # Levels: 5

Property History for Mattison Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near Mattison Avenue

This home is within Asbury Park School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 7 to 12
Public - 4 to 6
Public - PK to 5
Rating
School
Distance
Thurgood Marshall Primary School
PublicPK to 3

Asbury Park High School
Public7 to 12

Dr. Martin Luther King Middle School
Public4 to 6

Barack Obama Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Mattison Avenue is a mixed use property for sale in Asbury Park, NJ 07712. This property was listed for sale on October 24, 2023 by Sackman Realty, it's currently listed at $5,000,000. This listing's school district is Asbury Park School District. Nearby schools include Thurgood Marshall Primary School, Asbury Park High School and Dr. Martin Luther King Middle School. Mattison Avenue is a 0-bed, 0-bath, mixed use property built in 1911.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sackman Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.