Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    516 N Delaware Ave Atlantic City, NJ 08401

    Sponsored
    For Sale
    $255,000

    UnimprovedLand - Atlantic City, NJ

    Lot size:
    0.62 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 27 at 12:06 am

    Property Features for 516 N Delaware Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.62 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Paula Hartman

    Berkshire Hathaway HomeServices Fox & Roach, Realtors

    Listing agent Paula Hartman

    Listing date Feb 26, 2026

    MLS# 605092 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Bay Front Land in Atlantic

    This bay front land in Atlantic City presents significant development potential. The cleared lot is ready for construction and offers direct bay access and excellent visibility. Architectural plans for a luxury waterfront residence are included in the sale, featuring expansive decks, open-concept living spaces, a gourmet kitchen, multiple bedroom suites, and options for elevator access and garage parking. The buyer is responsible for verifying approvals and permits. This property is ideally suited for builders, developers, or those seeking a waterfront investment opportunity. The location offers convenient access to local amenities, transportation, and Atlantic City's hospitality district, including the Atlantic City Boardwalk. The lot size is 0.62 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Properties

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Dental Office Restaurant Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atlantic City
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.425502
    Latitude
    39.372148

    Nearby Similar for Sale

    • $899,000

      Atlantic City Storefront Opportunity

      Prime commercial storefront in the heart of Atlantic City.
      1626-30 Atlantic Ave, Atlantic City, NJ 08401
      View Details
    • $550,000
      6,600 SF

      Atlantic City Mixed-Use Investment

      6,600 SF mixed-use property with income potential in Atlantic City.
      1638 Atlantic Ave Ave, Atlantic City, NJ 08401
      View Details
    • $1,050,000
      10,000 SF

      Atlantic City Motel with Commercial

      Turn-key 25-unit motel with commercial space near Tropicana Casino.
      2741 Pacific Ave, Atlantic City, NJ 08401
      View Details
    • $449,999
      5,300 SF

      Atlantic City Hotspot Opportunity

      5,300 SF +/- venue near Silk Road redevelopment.
      2524/2600 Arctic Ave, Atlantic City, NJ 08401
      View Details
    • $369,000

      Atlantic City Duplex Investment Opportunity

      Two-unit property in Chelsea Heights, move-in ready with updates.
      432 Wisteria Rd, Atlantic City, NJ 08401
      View Details
    • $209,000

      Atlantic City Boardwalk Commercial Unit

      High-visibility commercial unit on Atlantic City Boardwalk.
      3101 Boardwalk, Atlantic City, NJ 08401
      View Details
    • $1,050,000

      Atlantic City Motel with Commercial

      Turn-key 25-unit motel with commercial space near Tropicana Casino.
      2741 Pacific Ave, Atlantic City, NJ 08401
      View Details
    • $1,050,000

      Atlantic City Motel with Commercial

      Turn-key 25-unit motel with commercial space near Tropicana Casino.
      2741 Pacific Ave, Atlantic City, NJ 08401
      View Details
    • $650,000

      Remodeled Storefront on Atlantic City Boardwalk

      Remodeled store in high-traffic boardwalk area, ideal for retail.
      1515 Boardwalk, Atlantic City, NJ 08401
      View Details
    • $2,200,000
      9,900 SF

      Ventnor Retail Building with BOA Pad

      Freestanding retail building with income stream, available September 2025.
      4910 Wellington Ave, Ventnor, NJ 08406
      View Details
    • $130,000

      Turnkey Restaurant Business Opportunity

      Fully equipped restaurant for sale in Ventnor, NJ.
      7909 Ventnor Ave, Ventnor, NJ 08406
      View Details
    • $130,000

      Turnkey Restaurant Business Opportunity

      Fully equipped restaurant for sale in Ventnor, NJ.
      7909 Ventnor Ave, Ventnor, NJ 08406
      View Details

    FAQs

    What type of property is this?
    Waterfront Property - Bay front land with development potential in Atlantic City.
    Where is this waterfront property located?
    The property is located at 516 N Delaware Ave Atlantic City, NJ.
    What is the asking price?
    The asking price for this property is $255,000.
    What are key features of this property?
    This property features: - Prime bay front land in Atlantic City with direct bay access; - Includes architectural plans for a luxury waterfront residence featuring expansive decks and open-concept living spaces; - Cleared and ready for construction
    (609) 271-7337
    Request Owner's contact information
    516 N Delaware Ave Atlantic City, NJ 08401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    516 N Delaware Ave
    Atlantic City, NJ 08401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    516 N Delaware Ave Atlantic City, NJ 08401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Paula Hartman
    (609) 271-7337 (561) 332-3888
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!