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$ 580,000
Est. payment | /mo
$ 580,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 602767
Year Built 1920
Annual Tax Amount $14,548
Tax Year 2025
Property Description
This is an exceptional, 6,600 sq ft, 3-story investment opportunity on a prime stretch of Atlantic Avenue, offering massive income potential from both commercial and residential rentals. The first floor is a huge, 3,500 sq ft commercial space perfect for a lucrative business like a Dispensary or Groceries Store. The upper floors are architecturally planned and fully approved for a dedicated short term rental operation: the second floor will be four 1-bedroom units, and the third floor will be a large 2-bedroom unit, all ideal for Airbnb purposes. The complex approval process is complete; you just need to pay the final permits to start construction immediately. Capitalize on Atlantic City's steady flow of tourists and conventions with this nearly turnkey project, poised to generate high-yield income from five premium residential units and a high-rent commercial anchor tenant.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Building
Story 3
Listed by KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield
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