METUCHEN, NJ-The Forum Theater--a classic Hollywood-style marquee theater located at 314 Main St. here, which features a 500-seat auditorium and two retail stores--is available for sale or net lease.
“This is a unique opportunity,” Jaime Weiss, president of Weiss Realty, tells GlobeSt.com. “Over the past couple of decades, the domination of the mega-theaters resulted in the disappearance of old classic downtown theaters. The Forum Theater is suitable as a motion picture or performing arts theater, a cultural or educational center, a place for group worship or community gatherings and retail space.”
The Forum Theater currently has seating for 450 patrons in the main auditorium with a 50-seat balcony, an 18-by-28-foot electronic screen, a 32-by-40-foot stage and 260 feet of frontage on Main Street.
The property is adjacent to municipal parking and the New Jersey Transit Commuter Railroad Station, which links Metuchen to Penn Stations in Newark and Manhattan. The average annual household income within one mile of the theater is $110,176 and $120,129 within three miles. The approximate traffic count is 15,000 cars per day.
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