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Listed by Marc Titus • RE/MAX SELECT - Pine Brook • (973) 575-6005

$930,000

Est. payment - /mo

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Contingent

983-987 South Orange Avenue Newark, NJ 07106

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Isaac De Castro

idecastro@bhsusa.com +1(646) 626-7901

UPDATED:

04/24/2024 12:03 AM

Key Details

Property Type Commercial

Sub Type Office

Listing Status Contingent

Purchase Type For Sale

MLS Listing ID 23013627

Style Office

Annual Tax Amount $9,999

Property Description

Bring your ideas! An amazing investment opportunity in the heart of Newark's West Ward. This Spanish Atmospheric style theater was named for the Warner Brothers-owned circuit that built it. Frank Grad was the architect, with interior decoration by Landish Studios. The Stanley Theater first opened in 1927, By the early 1970s, the Stanley Theater was no longer profitable and got sold to an Italian-American cultural organization that turned it into a social hall called Casa Italiana. The Atmospheric style decor was retained, but the single floor auditorium was cleared of seats so it could be used for dining and dancing. Since 1980 it has been Newark Tabernacle. A few blocks from Seton Hall location has high foot traffic and is an intersection for 2 major avenues. While the building has historical value, its location begs for the creative ideas of its future owner. The value is in the land and space that pictures cant do justice.

Location

State NJ

County Essex

Area Newark

Interior

Heating Gas

Exterior

Utilities Available O/See Rmks

Waterfront Description None

Building

Architectural Style Other

Others

Ownership Private

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Isaac De Castro

Real Estate Advisor | 3561456; 1750974; 10401278264

+1(646) 626-7901

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Isaac De Castro

983-987 South Orange Avenue Newark, NJ 07106

Isaac De Castro

Key Details

Location

Interior

Exterior

Building

Others

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983-987 South Orange Avenue