Mixed-Use Building in Opportunity
1624 Pacific Ave, Atlantic City, NJ 08401
For Sale
$499,000
Three-story mixed-use building with cannabis retail approval in developing area.
Property Size7,018 SF
Price / SF$71.10
Days on Market172
Property Features for 1624 Pacific Ave
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Levin Commercial Real Estate, LLC.
Listed By:
Joshua Levin · License #9235858
(609) 344-5200
Source:
Kandorre
Added: May 21
Changed: Oct 26
Last Checked: Nov 3 at 9:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Levin Commercial Real Estate, LLC.
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Investment Insights
Based on property information with market context.
The property at 1624 Pacific Avenue is a three-story mixed-use building with an area of approximately 7,000 square feet. It is located in a Redevelopment and Opportunity Zone. The ground floor has full approval for a Class 5 retail cannabis dispensary. The second and third floors were historically residential but are currently inactive. The property is in a prime location with direct access in and out of town, one block from the beach and boardwalk, and two blocks from AtlantiCare Regional Medical Center, the Orange Loop, and the central business district. The surrounding area features major new construction and redevelopment projects currently underway. Parking is available nearby. All approvals and due diligence are the responsibility of the buyer.
Key Highlights
- Fully approved ground floor for a Class 5 retail cannabis dispensary.
- Located in a Redevelopment and Opportunity Zone.
- Prime location with direct access in and out of town.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,941
Businesses Nearby
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Business Placement
Demographics for 08401, NJ
38,536
Population
20,116
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
76%
High-School Grad
10.7 sq mi
ZIP Area
3,601
Density / Sq Mi
$36,375
Median Household Income
$28,915
Median Earnings
$1,086
Median Rent
$189,600
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Atlantic County, NJ
Properties on Market for Mixed-use properties in Atlantic County
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story mixed-use building with cannabis retail approval in developing area.
Where is this mixed-use property located?
The property is located at 1624 Pacific Ave 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: Fully approved ground floor for a Class 5 retail cannabis dispensary.; Located in a Redevelopment and Opportunity Zone.; Prime location with direct access in and out of town.
