2,405 SqFt
2,405 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,405 sqft
Price per Sqft $280
MLS Listing ID NJAC2016856
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $4,746
Tax Year 2024
Lot Dimensions 35.25X64.35IR
Property Sub-Type Mixed Use
Property Description
The building's operating expenses include taxes of $4,902/year, insurance at approximately $5,000/year, and sewer/water costs shared equally with the commercial tenant, totaling around $1,200/year for the owner. Additionally, electric and gas are separately metered for each unit, with tenants also responsible for heat and hot water. The property is strategically located in a high-traffic area of Atlantic City, just minutes from the iconic Atlantic City Boardwalk, world-class casinos, and entertainment venues. It's an optimal location for long-term growth, with proximity to major highways and public transportation, making it a highly desirable area for both residential tenants and commercial ventures. With a thriving tourism industry and a growing demand for housing and retail in Atlantic City, this property represents a unique opportunity to own a fully-renovated, fully occupied, income-generating asset in one of New Jersey's most dynamic markets. Contact us today to schedule a private showing or for more information!
Location
State NJ
County Atlantic
Area Atlantic City (20102)
Zoning NEIR
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Asphalt
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Atlantic City Schools
Others
Tax ID 02-00124-00062
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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