1600 Atlantic Ave - Storefront Retail/Residential FOR SALE


Atlantic City, NJ 08401- Downtown Atlantic City
$1,800,000 USD
215-309-4033
1600 Atlantic Ave, Atlantic City, NJ for Sale
$1,800,000 USD
Storefront Retail/Residential - FOR SALE
1/12
null | Request Cap Rate

1600 Atlantic Ave
Atlantic City, NJ 08401
Downtown Atlantic City


HIGHLIGHTS

  • There are numerous hotels and resorts nearby, such as the Bally's Atlantic City and the Tropicana Atlantic City.
  • The Tanger Outlets Atlantic City is close by, providing great shopping opportunities.
  • Multiple NJ Transit bus routes serve Atlantic City, connecting the area with Philadelphia, Camden.
  • The Atlantic City Rail Terminal is located about 1.5 miles away from this intersection, offering rail service on the NJ Transit Atlantic City Line.
  • Within close proximity to Route 30, Route 44 and Route 9

OVERVIEW

Commercial Space Listing: 1600 Atlantic Ave, Atlantic City, NJ Overview: Introducing a remarkable investment opportunity at 1600 Atlantic Ave, Atlantic City, NJ. This property has recently been approved as a historic building, making it eligible for New Jersey historic funding, which adds immense value to this already promising real estate venture. Property Details: • Address: 1600 Atlantic Ave, Atlantic City, NJ • Size: 15,000 square feet total (5,000 square feet per floor) • Floors: 3 • Zoning: Mixed-use, suitable for various commercial and residential applications Key Features: • Recently designated as a historic building, offering potential tax incentives and funding opportunities • Total area of 15,000 square feet across three spacious levels • Well-designed plans for 10 residential units located on the upper floors, enhancing the property’s attractiveness to investors and developers • Located in a thriving neighborhood, experiencing continuous growth and demand Investment Potential: The property offers a unique blend of historic charm and modern opportunities, making it an ideal investment for developers and investors looking to capitalize on the Atlantic City market. With its proximity to essential amenities and attractions, this property is positioned to provide a steady stream of rental income and appreciation over time. Neighborhood Highlights: Situated in a vibrant area, the property benefits from high foot traffic and visibility. Nearby attractions include casinos, shopping districts, restaurants, and beautiful beaches, contributing to a lively community atmosphere. Conclusion: This property represents a rare opportunity to invest in a historic building with substantial potential for development and growth within a flourishing neighborhood. For more information or to schedule a viewing, please reach out to us. We look forward to assisting you in exploring this exceptional opportunity.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

CROSS STREETS

Kentucky Ave

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

CBD

APN/PARCEL ID

02-00152-0000-00003

ASK ABOUT THIS PROPERTY

Uri JacobsonAll City InvestmentsMore Info
215-309-4033

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Uri JacobsonAll City InvestmentsMore Info
215-309-4033

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.