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$930,000
983-987 S Orange Avenue, Newark, NJ, 07106
MLS# 23013627
Commercial — Office
Property Type
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.
Tax & Financial Information
| Annual Property Taxes | $9,999 |
| Listed | May 8, 2023 |
Listing Information
Listing Office: RE/MAX SELECT - Montville — 973-575-6005
Listing Agent: Marc Titus — 973-433-6783 — MarcRamon@NjRealtyFox.com
Information deemed reliable but not guaranteed. Data provided for consumer's personal, non-commercial use only. Last updated: 2/13/2025.
Total Monthly Cost
$6,822/mo
NJ has the highest property taxes in the US. This is your real cost.
Down: $186,000 | Loan: $744,000
Estimates for informational purposes only. Insurance, maintenance, and flood costs are approximations. Consult a lender and insurance agent for accurate quotes.
Commute From This Home
Newark
Northeast Corridor / PATH
Newark Penn Station
Commute times are peak-hour estimates based on NJ Transit schedules and typical traffic. Actual times may vary. Drive times assume weekday morning rush hour.
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