Two-Story Mixed-Use Redevelopment
2318 Fairmount Avenue Atlantic City, NJ 08400
2318 Fairmount Avenue, Atlantic City, NJ, 08400
$2,500,000
For Sale
$2,500,000
COMMERCIAL - Atlantic City, NJ
Property Size10,156 SF
Lot Size0.14 Acres
Price / SF$246.16
Days on Market98
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 Agency
RE/MAX ONE Realty
(856) 866-2525
236 W Route 38, Suite 110, Moorestown, NJ
Listed by
James Perdigao · License #2296334
(856) 866-2525
Added: Apr 15 Updated: Jul 8 at 9:13 pm Checked: Jul 21 at 12:06 am
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.
Investment Insights
Based on property information with market context.
This two-story commercial property at 2318 Fairmount Avenue offers a versatile redevelopment platform. The first floor is currently operating as an auto body shop, providing an immediately usable commercial footprint. The second floor is described as a blank canvas, allowing for a range of reconfiguration options consistent with the property’s stated Mixed-Use Residential Development (MURD) zoning.
Situated just off the highway as you enter Atlantic City, the property is positioned for practical accessibility and visibility within the city. The remarks also note proximity to prominent local destinations, including the Atlantic City Boardwalk, Atlantic City Beach, casinos, and shopping outlets.
For investors and developers, the combination of an active automotive use on the first level and flexible space above can support planning for a mixed-use concept under MURD zoning. Prospective buyers can evaluate how to retain, renovate, or adapt the existing auto body shop arrangement while designing the second-floor layout to match the intended residential, office, or mixed-use program.
Situated just off the highway as you enter Atlantic City, the property is positioned for practical accessibility and visibility within the city. The remarks also note proximity to prominent local destinations, including the Atlantic City Boardwalk, Atlantic City Beach, casinos, and shopping outlets.
For investors and developers, the combination of an active automotive use on the first level and flexible space above can support planning for a mixed-use concept under MURD zoning. Prospective buyers can evaluate how to retain, renovate, or adapt the existing auto body shop arrangement while designing the second-floor layout to match the intended residential, office, or mixed-use program.
Key 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.
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 8.72%
Second Best
Retail
$1.39M
$1.22M – $1.63M
NOI $97,574 @ 7.0% cap · market cap 3.90%
Theoretical Best
Warehouse
$3.78M
$3.31M – $4.41M
NOI $264,742 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
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
Similar For Sale Nearby
Similar Off Market Nearby
- AutoKing Repairs — 37 N Trenton Ave REAR, Atlantic City, NJ 08401
- Carrion Auto Repair — 3301 Arctic Ave, Atlantic City, NJ 08401
- Bangla Auto Service — N Sovereign Ave, Atlantic City, NJ 08401
- Midas — 24 Albany Ave, Atlantic City, NJ 08401
- Watson Towing and Roadside — 108 S Montpelier Ave APT 405, Atlantic City, NJ 08401
FAQs
What type of property is this?
Auto shop - Two-story property with ground-floor auto body shop and upstairs space suited to MURD mixed-use redevelopment.
Where is this auto shop located?
The property is located at 2318 Fairmount Avenue Atlantic City, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
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.
