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Historic Theater in Newark's West Ward

983-987 Orange Newark, NJ 07106

983-987 Orange, Newark, NJ, 07106
$930,000
For Sale
$930,000

Amazing investment opportunity in Newark's West Ward near Seton Hall.

Days on Market1163

Property Features for 983-987 Orange

General Information

Standard status
Active
Property subtype
Commercial
Listing Agency RE/MAX SELECT - MONTVILLE
Listed by MARC TITUS
Source Corcoran
Added: May 11, 2023 Checked: Jul 16 at 3:45 am

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX SELECT - MONTVILLE


Investment Insights

Based on property information with market context.

This property presents an investment opportunity in Newark's West Ward. The building, originally the Stanley Theater, is of Spanish Atmospheric style and was designed by architect Frank Grad, with interior decoration by Landish Studios. Opened in 1927, the theater was part of the Warner Brothers circuit. By the early 1970s, it was sold to an Italian-American cultural organization and repurposed as a social hall named Casa Italiana. The Atmospheric style decor was retained, and the auditorium was cleared of seats for dining and dancing. Since 1980, it has been the Newark Tabernacle. Located a few blocks from Seton Hall, the property benefits from high foot traffic and is situated at the intersection of two major avenues. The location offers potential for creative redevelopment. The property's value is primarily in the land and space.

Key Highlights

  • High foot traffic location at the intersection of two major avenues, near Seton Hall.
  • Significant land and space value.
  • Unique Spanish Atmospheric style architecture.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Theaters & concert halls

Suggested Use

Real Estate Agency Law Firm Dental Office Building Supply Big Box & Wholesale Store Gym & Fitness Center Auto Parts Store Skin Care Clinic Garden Center Accounting Firm

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

FAQs

What type of property is this?
Theater & concert hall - Amazing investment opportunity in Newark's West Ward near Seton Hall.
Where is this theater & concert hall located?
The property is located at 983-987 Orange Newark, NJ.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: High foot traffic location at the intersection of two major avenues, near Seton Hall.; Significant land and space value.; Unique Spanish Atmospheric style architecture.
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