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    1638 Atlantic Ave Ave Atlantic City, NJ 08401

    For Sale
    $580,000

    Commercial - Atlantic City, NJ

    Days on Market:
    9
    Last Refresh:
    Dec 8 at 7:06 am

    Property Features for 1638 Atlantic Ave Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Year built
    1920
    Floors in Building
    3
    Number of units
    6
    Building materials
    Brick

    Keller Williams Realty Atlantic Shore (609) 839-7904 [email protected]

    Listing agent Jason Mendez (609) 484-9890 License #2445096

    Listing date Nov 30, 2025

    MLS# 602767 Listing URL

    Copyright © 2025 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.

    Overview

    Atlantic City Investment Opportunity

    This 6,600 sq ft, three-story property on Atlantic Avenue presents an investment opportunity with income potential from commercial and residential rentals. The first floor features a 3,500 sq ft commercial space suitable for a business such as a dispensary or grocery store. The upper floors are architecturally planned and fully approved for short-term rentals. The second floor is designed for four one-bedroom units, and the third floor will house a large two-bedroom unit, intended for Airbnb use. The complex approval process is complete, requiring only the payment of final permits to commence construction. This project is positioned to generate income from five residential units and a commercial anchor tenant.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Atlantic City
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.4342
    Latitude
    39.3648

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    FAQs

    What type of property is this?
    Grocery and convenience store - 6,600 sq ft commercial/residential property with income potential.
    Where is this grocery and convenience store located?
    The property is located at 1638 Atlantic Ave Ave Atlantic City, NJ.
    What is the asking price?
    The asking price for this property is $580,000.
    What are key features of this property?
    This property features: - 6,600 sq ft property on Atlantic Avenue offering commercial and residential rental income potential.; - **3,500 sq ft first-floor commercial space suitable for a high-revenue business.**; - Approved plans for five short-term rental units (four 1-bedroom, one 2-bedroom) on upper floors.
    (609) 484-9890
    Request Owner's contact information
    1638 Atlantic Ave Ave Atlantic City, NJ 08401
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    Atlantic City, NJ 08401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1638 Atlantic Ave Ave Atlantic City, NJ 08401
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