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Commercial Sale For Sale

983-987 S Orange Avenue, Newark, Nj 07106

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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.

Basic Details
Property Type:
Commercial Sale
Listing Type:
For Sale
Listing ID:
23013627
Price:
$930,000
Status:
Active Under Contract
Office Name:
RE/MAX SELECT - Pine Brook
Agent Name:
Marc
Features
Architectural Style:
Office
Utilities:
O/See Rmks
Address Map
Country:
US
State:
NJ
County:
ESSEX
City:
Newark
Zipcode:
07106
Street:
Orange
Street Number:
983-987
Street Suffix:
Avenue
Longitude:
W75° 46' 15.3''
Latitude:
N40° 44' 47.5''
Street Dir Prefix:
S
Street Dir Suffix:
South
Additional Information
Rent Includes:
None
On Market Date:
2023-05-08
Financial
Tax Annual Amount:
9999
Listing Information
List Agent Mls Id:
1017626
List Office Mls Id:
1861
Mls Status:
Under Contract
Modification Timestamp:
2025-02-13T14:15:06Z
Originating System Name:
njmls
Status Change Timestamp:
2023-06-23
Commercial Sale For Sale
Listing ID:
23013627
$930,000
Agent info
Contact Agent

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