Two-Story Auto Body Shop
2318 Fairmount Avenue, Atlantic City, NJ 08400
COMMERCIAL - Atlantic City, NJ
Property size:
10,156 SFLot size:
0.14 AcresPrice / SF:
$260/SF- Added:
- Apr 15, 2026
- Days on Market:
- 52
- Last Refresh:
- Jun 5 at 1:06 am
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 agent James Perdigao License #2296334 (856) 866-2525
Listing office RE/MAX ONE Realty 236 W Route 38, Suite 110, Moorestown, NJ (856) 866-2525
Listing date Apr 15, 2026
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.
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.
- First floor currently operating as an auto body shop, providing immediate usability or income potential.
- Close proximity to the Atlantic City Boardwalk, Atlantic City Beach, casinos, and shopping outlets.
- Second floor is a blank canvas ready for residential, office, or mixed‑use development.
Overview
The property is a two-story commercial building with approximately 10,156 square feet. The first floor is currently operating as an auto body shop, offering immediate functionality within the existing improvements. The second floor is presented as a blank canvas, allowing flexibility for future development such as residential units, office space, or a mixed-use concept, subject to applicable approvals.
Located at 2318 Fairmount Avenue in Atlantic City, the site is described as being just off the highway as you enter Atlantic City. The offering also highlights convenient proximity to major local destinations, including the Atlantic City Boardwalk, the Atlantic City Beach, casinos, and shopping outlets.
For buyers or developers, the current operating auto body shop provides an established ground-floor use while the second floor can be reimagined for alternate commercial or residential needs. The property is identified as having MURD (Mixed-Use Residential Development) zoning, which supports redevelopment planning. This combination of in-place automotive use and adaptable upper-level space may be attractive to entities seeking a mixed-use direction for a centrally located Atlantic City site.
Located at 2318 Fairmount Avenue in Atlantic City, the site is described as being just off the highway as you enter Atlantic City. The offering also highlights convenient proximity to major local destinations, including the Atlantic City Boardwalk, the Atlantic City Beach, casinos, and shopping outlets.
For buyers or developers, the current operating auto body shop provides an established ground-floor use while the second floor can be reimagined for alternate commercial or residential needs. The property is identified as having MURD (Mixed-Use Residential Development) zoning, which supports redevelopment planning. This combination of in-place automotive use and adaptable upper-level space may be attractive to entities seeking a mixed-use direction for a centrally located Atlantic City site.
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 8.23%
Second Best
Office B
$2.13M
$1.86M – $2.48M
NOI $148,797 @ 7.0% cap · market cap 5.61%
Theoretical Best
Warehouse
$3.78M
$3.31M – $4.41M
NOI $264,742 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with local authorities.
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 Places 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
Location Insight
- Map
- Local Demand
- City
- Atlantic City
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.441997
- Latitude
- 39.359903
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Two-story mixed-use redevelopment site with an operating auto body shop on the first floor and a second-floor buildout opportunity.
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 $2,650,000.
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.
