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Listed by Marc Titus RE/MAX SELECT - Pine Brook (973) 433-6783
$930,000
Est. payment /mo
Under Contract
983-987 S Orange Newark, NJ 07106
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 23013627
Style Office
Property Sub-Type Office
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
Interior
Heating Gas
