Drive-Through Retail
1101 Atlantic Avenue Atlantic City, NJ 08401
For Sale
$2,300,000
COMMERCIAL - Atlantic City, NJ
Property Size11,274 SF
Lot Size1.02 Acres
Price / SF$204.01
Days on Market177
Property Features for 1101 Atlantic Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD
Parking features
Off Street
Security features
Security System, Security Lighting
Interior features
Fire Sprinkler System, Handicap Features, Security System, Smoke/Fire Alarm, Storage
Exterior features
Sign, Security Light/System
Accessibility
Accessible Approach with Ramp
Standard status
Active
Lot size
1.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
106696
Utilities
Sewer type
Public Sewer
Heating system
Zoned, Forced Air, Natural Gas
Cooling system
Zoned, Central Air
Water source
Public
Building Details
Year built
1990
Flooring type
Slab
Roof type
Flat
Additional Structures
Storage
Listing Agency:
LEVIN COMMERCIAL REAL ESTATE, LLC
(609) 344-5200
Listed By:
LEE JEROME · License #1004962
(609) 289-6887
Added: Feb 1
Changed: Jul 27
Last Checked: Jul 28 at 2:06AM
MLS# 604561
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 drive-through retail storefront is positioned on a highly visible corner and includes a substantial building with an overhead door into the rear storage/warehouse area. The property is reported as an approximately 11,274 SF building, with approximately 11,000 SF on the ground level, and it features a conveyor system servicing additional second-floor storage. Vehicular circulation is supported by three points of access and two drive-thru lanes, along with exceptional parking for customer and delivery use.
The site is located in Atlantic City and is zoned CBD. With strong frontage and prominent signage, the property is configured for retail presentation and operational functionality, including convenient access to the rear storage/warehouse area.
The site is located in Atlantic City and is zoned CBD. With strong frontage and prominent signage, the property is configured for retail presentation and operational functionality, including convenient access to the rear storage/warehouse area.
Key Highlights
- 1.02‑acre corner site with prominent signage and former Walgreens building
- 11,274 SF building with approx. 11,000 SF ground level plus second‑floor storage
- Zoned CBD with two drive‑thru lanes and three points of access for circulation and deliveries
Financial Insights For Specialty 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 | $243.5k | $21.60 |
| − Vacancy | −$11.0k | −$0.97 |
| EGI | $232.6k | $20.63 |
| − OpEx | −$58.1k | −$5.16 |
| NOI | $174.4k | $15.47 |
11,274 SF · lease $21.60/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.49M
$2.18M – $2.91M
NOI $174,420 @ 7.0% cap · market cap 7.58%
Second Best
Retail
$1.55M
$1.35M – $1.81M
NOI $108,315 @ 7.0% cap · market cap 4.71%
Theoretical Best
Warehouse
$4.20M
$3.67M – $4.90M
NOI $293,885 @ 7.0% cap · market cap 12.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Simpson Restaurant - Atlantic City — 1 Atlantic Ocean, Atlantic City, NJ 08401
- Al Shaheen Market — 1542 Atlantic Ave, Atlantic City, NJ 08401
- Park Place Prime - Bally's Atlantic City/ Park Place Prime — 1900 Pacific Ave, Atlantic City, NJ 08401
- Cedar Basic Foods — 1700 Baltic Ave, Atlantic City, NJ 08401
- Al Shahbahb Market — 1542 Atlantic Ave, Atlantic City, NJ 08401
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Storefront on a visible corner with two drive-thru lanes, overhead door access, and CBD zoning.
Where is this grocery and convenience store located?
The property is located at 1101 Atlantic Avenue Atlantic City, NJ.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 1.02‑acre corner site with prominent signage and former Walgreens building; 11,274 SF building with approx. 11,000 SF ground level plus second‑floor storage; Zoned CBD with two drive‑thru lanes and three points of access for circulation and deliveries
