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1600 Atlantic Ave 17,940 SF 78% Leased Retail Building Atlantic City, NJ 08401 $2,755,000 CAD ($153.57 CAD/SF)
Investment Highlights
- There are numerous hotels and resorts nearby, such as the Bally's Atlantic City and the Tropicana Atlantic City.
- Multiple NJ Transit bus routes serve Atlantic City, connecting the area with Philadelphia, Camden.
- Within close proximity to Route 30, Route 44 and Route 9
- The Tanger Outlets Atlantic City is close by, providing great shopping opportunities.
- 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.
Executive Summary
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 12 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.
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 12 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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
17,940 SF
Building Class
C
Year Built/Renovated
1800/2023
Price
$2,755,000 CAD
Price Per SF
$153.57 CAD
Percent Leased
78%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.94
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
CBD - Zoning established to preserve and enhance commercial, financial, retail and similar activities
Parking
5 Spaces (0.28 Spaces per 1,000 SF Leased)
Frontage
60’ on Atlantic Ave
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,900 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 3,900 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 3,900 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Exceptionally walkable
100/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-00152-0000-00003 | Improvements Assessment | $1,146,769 CAD |
| Land Assessment | $206,625 CAD | Total Assessment | $1,353,394 CAD |
Property Taxes
Parcel Number
02-00152-0000-00003
Land Assessment
$206,625 CAD
Improvements Assessment
$1,146,769 CAD
Total Assessment
$1,353,394 CAD
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
1600 Atlantic Ave
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