$1 Auction - Former BB&T Bank | 2 Drive-Thrus 2155 Atco Ave 4,550 SF Retail Building Atco, NJ 08004 $248,269 CAD ($54.56 CAD/SF)

Marcus & Millichap is pleased to present the opportunity to acquire a vacant, free-standing retail building located at 2155 Atco Avenue in Atco, New Jersey 08004 (the “Property”). Strategically positioned within the Philadelphia MSA, the Property is offered at a substantial discount to replacement cost, presenting an exceptional opportunity for an owner-user or investor to acquire a highly visible retail asset with compelling value-add potential. FIRST BID MEETS RESERVE!
Originally constructed in 1920 and renovated in 2000, the Property consists of a ±4,550-square-foot, double-story, free-standing commercial building situated on a ±0.517-acre (±22,500 SF) hard corner parcel. Formerly occupied by BB&T Bank on a triple net lease, the Property offers investors and owner-users the opportunity to reposition or lease the asset at market rental rates (CoStar market estimated rents of $18-$22/SF NNN Retail). The site is improved with two (2) drive-thru lanes, 17 surface parking spaces, and asphalt-paved circulation throughout the property. The Property benefits from two curb cuts along Atco Avenue (±2,585 VPD) and two additional curb cuts along Front Street, providing excellent visibility, accessibility, and traffic flow. Positioned along Atco’s primary commercial corridor, the Property is well suited for a financial institution, medical office, professional services, quick-service restaurant, or a variety of neighborhood retail uses. The Property is zoned TC (Town Commercial), permitting a broad range of commercial, retail, office, and service-oriented uses. Combined with its existing drive-thru infrastructure, corner location, flexible zoning, and below-replacement-cost pricing, the Property presents an attractive adaptive reuse or repositioning opportunity for a wide variety of users.
The Property is strategically located in Atco, New Jersey, within Camden County and the greater Philadelphia metropolitan area, ±25-mi southeast of Downtown Philadelphia. Positioned along Atco Avenue, the community’s primary commercial corridor, the Property benefits from excellent visibility and accessibility while serving the surrounding residential communities of Atco, Waterford Township, Winslow Township, Berlin, and Hammonton. The Property is located just ±0.25 miles from U.S. Route 30 (White Horse Pike; ±20,914 VPD) and also benefits from convenient access to Route 73, the Atlantic City Expressway, and the New Jersey Turnpike, providing efficient connectivity throughout South Jersey and the greater Philadelphia region. The Property is also located ±35 minutes from Philadelphia International Airport and ±30 minutes from Atlantic City International Airport. The surrounding area is anchored by a stable mix of residential neighborhoods, neighborhood-serving retail, healthcare providers, schools, and local employers, with national retailers including Walmart, ShopRite, Walgreens, CVS Pharmacy, Wawa, McDonald’s, Dunkin’, and AutoZone located throughout the immediate trade area. The Property benefits from strong suburban demographics, with $125,585 average household income in 1-mile radius, ±23,496 residents and an average household income (AHHI) exceeding $125,000 within a 3-mile radius, expanding to more than ±58,000 residents with an average household income exceeding $139,000 within a 5-mile radius.