Boardwalk Retail with Three
1515 Boardwalk Atlantic City, NJ 08401
For Sale
$499,000
COMMERCIAL - Atlantic City, NJ
Property Size2,500 SF
Price / SF$199.60
Days on Market1169
Property Features for 1515 Boardwalk
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- RS-C
- Rooms
- Office
- Security features
- Security Lighting, Security System
- Interior features
- Display Windows, Elevator Pass, Fire Sprinkler System, Handicap Features, Restroom, Security System, Smoke/Fire Alarm, Storage
- Exterior features
- Recreation Facilities, Restrooms, Security Light/System, Storage Building, Swimming Pool
- Accessibility
- Accessible Approach with Ramp, Accessible Elevator Installed
- Standard status
- Active
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 20028
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
- Water front
- 1
Building Details
- Year built
- 1980
- Flooring type
- Carpet
- Additional Structures
- Storage
Listing Agency:
WEICHERT REALTORS ASBURY GROUP-AC
(609) 344-6200
Listed By:
NATHAN CHAIT · License #SP-7942556
(609) 742-5896
Added: May 12, 2023
Changed: Jul 12
Last Checked: Jul 23 at 11:06AM
MLS# 573937
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail space offers a boardwalk-facing storefront with three convenient entrances, including one directly on the Boardwalk and two from inside the building. The property is being offered as 1515 Boardwalk in Atlantic City, NJ, and includes two dedicated parking spaces. The owner also has full access to the hotel’s amenities.
The building is positioned along the Boardwalk with steady foot traffic associated with beach and Boardwalk activity, and it is described as adjoining Atlantic Palace Suites. The area also draws visitors from within walking distance to multiple casinos, supporting continued pedestrian traffic during peak seasons.
Zoned RS-C, the space is presented as an on-the-Boardwalk retail location designed for easy customer access from both the sidewalk and interior building circulation.
The building is positioned along the Boardwalk with steady foot traffic associated with beach and Boardwalk activity, and it is described as adjoining Atlantic Palace Suites. The area also draws visitors from within walking distance to multiple casinos, supporting continued pedestrian traffic during peak seasons.
Zoned RS-C, the space is presented as an on-the-Boardwalk retail location designed for easy customer access from both the sidewalk and interior building circulation.
Key Highlights
- 2,500 sq ft retail space with three entrances—one directly on the boardwalk and two from inside the building
- Accessible building features include an accessible approach with ramp and an accessible elevator installed
- Safety and security features include a fire sprinkler system, smoke/fire alarms, and a security system
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.5k | $15.00 |
| − Vacancy | −$3.2k | −$1.28 |
| EGI | $34.3k | $13.73 |
| − OpEx | −$10.3k | −$4.12 |
| NOI | $24.0k | $9.61 |
2,500 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$343.1K
$300.2K – $400.3K
NOI $24,019 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$931.0K
$814.6K – $1.09M
NOI $65,169 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rita's Italian Ice ...
Grocery & Convenience Store
3 Brothers Pizza ...
Restaurant
FAQs
What type of property is this?
Retail space - Retail space on the Atlantic City Boardwalk with three entrances, access to hotel amenities, and two dedicated parking spaces.
Where is this retail space located?
The property is located at 1515 Boardwalk Atlantic City, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,500 sq ft retail space with three entrances—one directly on the boardwalk and two from inside the building; Accessible building features include an accessible approach with ramp and an accessible elevator installed; Safety and security features include a fire sprinkler system, smoke/fire alarms, and a security system
