Atlantic City Redevelopment
2318 Fairmount Avenue, Atlantic City, NJ 08400
COMMERCIAL - Atlantic City, NJ
Property size:
10,156 SFLot size:
0.14 AcresPrice / SF:
$275/SF- Added:
- Apr 15, 2026
- Days on Market:
- 48
- Last Refresh:
- Jun 1 at 7:06 am
Property Features for 2318 Fairmount Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Off Street
- Interior features
- Auto Bay
- Exterior features
- Display Window
- Fireplace
- 1
- Standard status
- Active
- APN
- 02-00338-0000-00003
- Size
- 10,156 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13675
Utilities
- Sewer type
- Public Sewer
- Heating system
- Space Heater
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 2
Listing agent James Perdigao License #2296334 (856) 866-2525
Listing office RE/MAX ONE Realty 236 W Route 38, Suite 110, Moorestown, NJ (856) 866-2525
Listing date Apr 15, 2026
MLS# 22609990
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime redevelopment opportunity in the heart of Atlantic City.
- MURD zoning allows for versatile development options.
- Excellent accessibility and visibility, located just off the highway entering Atlantic City.
- First floor currently operating as an auto body shop, providing immediate usability or income potential.
- Close proximity to the Atlantic City Boardwalk, Atlantic City Beach, casinos, and shopping outlets.
- Second floor is a blank canvas ready for residential, office, or mixed‑use development.
Overview
Located in Atlantic City, this two-story property at 2318 Fairmount Avenue presents a redevelopment opportunity. The property is zoned MURD (Mixed-Use Residential Development), making it suitable for investors or developers. The first floor is currently operating as an auto body shop, offering immediate usability or income potential. The second floor is a blank canvas, ready for residential units, office space, or a mixed-use concept. The property is located just off the highway as you enter Atlantic City, providing accessibility and visibility. It is located in close proximity to the Atlantic City Boardwalk, Atlantic City Beach, casinos and shopping outlets. The lot size is 0.14 acres and the property size is 10156 square feet.
Local Financial Insights For Industrial
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 | $340.0k | $33.48 |
| − Vacancy | −$28.6k | −$2.81 |
| EGI | $311.5k | $30.67 |
| − OpEx | −$93.4k | −$9.20 |
| NOI | $218.0k | $21.47 |
10,156 SF · lease $33.48/SF/yr · vacancy 8.40% · expense 30.00%
Alternative Uses
Best Use
Industrial
$3.11M
$2.73M – $3.63M
NOI $218,023 @ 7.0% cap · market cap 7.79%
Second Best
Mixed Use
$2.15M
$1.89M – $2.51M
NOI $150,817 @ 7.0% cap · market cap 5.39%
Theoretical Best
Warehouse
$3.78M
$3.31M – $4.41M
NOI $264,742 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Sign Masters Signs
(Bike/Boat/Book/etc) Store
Dave's Auto Body
Auto Repair Shop
The Walk
Parking Lot & Garage
Location Insight
- Map
- Local Demand
- City
- Atlantic City
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.441997
- Latitude
- 39.359903
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two-story mixed-use property with high potential in Atlantic City.
Where is this mixed-use property located?
The property is located at 2318 Fairmount Avenue Atlantic City, NJ.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Prime redevelopment opportunity in the heart of Atlantic City.; MURD zoning allows for versatile development options.; Excellent accessibility and visibility, located just off the highway entering Atlantic City.
