10-Unit Mixed-Use
For Sale
Contact for pricing
Pending
18 S Pennsylvania Ave, Atlantic City, NJ 08401
Ground-floor commercial space is leased to a restaurant and separately metered from the residential units.
Property SizeContact for details
Days on Market142
Property Features for 18 S Pennsylvania Ave
General Information
Standard status
Pending
Property subtype
Mixed Use, Multifamily, Retail
Additional Details
Cap Rate
9.75%
Multifamily Units
9
Listing Agency:
Real Broker LLC
(609) 350-4280
Listed By:
Daniel Levy · License #2076975
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 3:54PM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This 10-unit mixed-use building combines nine residential units with a substantial commercial space at ground level. The commercial component is leased to a restaurant, with dedicated gas and electric meters. Each residential unit has its own electric meter, providing separate utility tracking across the property.
The property is located at 18 S Pennsylvania Ave in Atlantic City, approximately half a block from the Hard Rock Hotel & Casino and 1.5 blocks from the beach and Atlantic City Boardwalk. Local casinos, restaurants, a hospital, marina, fishing piers, jetties, and entertainment venues are within walking distance. The property is offered with a reported 9.75% cap rate.
The property is located at 18 S Pennsylvania Ave in Atlantic City, approximately half a block from the Hard Rock Hotel & Casino and 1.5 blocks from the beach and Atlantic City Boardwalk. Local casinos, restaurants, a hospital, marina, fishing piers, jetties, and entertainment venues are within walking distance. The property is offered with a reported 9.75% cap rate.
Key Highlights
- 10‑unit mixed‑use building with nine residential units
- Large ground‑floor commercial space leased to a restaurant
- Reported 9.75% cap rate
Property Analytics
Current Use
Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
2,525
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space is leased to a restaurant and separately metered from the residential units.
Where is this mixed-use property located?
The property is located at 18 S Pennsylvania Ave Atlantic City, NJ.
What are key features of this property?
This property features: 10‑unit mixed‑use building with nine residential units; Large ground‑floor commercial space leased to a restaurant; Reported 9.75% cap rate
