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    527 Lake Ave Asbury Park, NJ 07712

    New
    Pending
    For Lease
    $25,000

    COMMERCIAL - Asbury Park, NJ

    Days on Market:
    5
    Last Refresh:
    Dec 6 at 8:06 am

    Property Features for 527 Lake Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Basement
    APN
    04-03105-0000-00005
    Parking features
    Offsite
    Basement
    Full, Walk-Out Access

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    2
    Flooring type
    Concrete
    Building materials
    Brick

    Sakman Realty (732) 679-8818 [email protected]

    Listing agent Matthew Warncke (732) 798-8188

    Listing date Dec 2, 2025

    Copyright © 2025 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Asbury Park Restaurant Opportunity

    This is a rare opportunity to lease a fully built-out, high-capacity restaurant in a vibrant and fast-growing coastal destination in New Jersey. Situated on a prominent corner in downtown Asbury Park, the venue is located just blocks from the boardwalk and New Jersey Transit. The property is ready for immediate operation for the summer under new tenancy. The space features a 6,000 square foot main dining and kitchen area, a 4,000 square foot basement, and a 9,100 square foot built-out roof deck with a 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. The landlord is seeking key money for the fully built-out space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Restaurant Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Majestic Hotel, A Matter of Taste Catering, Wise Flavors & More Co, Rosa's Kitchen, Das Catering

    Location Insight

    • Map
    • Local Demand
    City
    Asbury Park
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.009683
    Latitude
    40.215735

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    FAQs

    What type of property is this?
    Restaurant - Fully built-out restaurant space in vibrant Asbury Park, NJ.
    Where is this restaurant located?
    The property is located at 527 Lake Ave Asbury Park, NJ.
    What are key features of this property?
    This property features: - Fully built-out, high-capacity restaurant ready for immediate operation.; - Prime corner location in downtown Asbury Park, near the boardwalk and NJ Transit.; - Extensive 9,100 SF built-out roof deck featuring a full bar, bathrooms, and prep area.
    (732) 798-8188
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    527 Lake Ave Asbury Park, NJ 07712
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    527 Lake Ave Asbury Park, NJ 07712
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