Two-Story Auto Body Shop
2318 FAIRMOUNT AVENUE Atlantic City, NJ 08401
New
2318 FAIRMOUNT AVENUE, Atlantic City, NJ, 08401
$2,500,000
For Sale
$2,500,000
Operating auto body shop on the first floor with a second-floor blank canvas under MURD zoning.
Property Size10,156 SF
Price / SF$246.16
Days on Market3
Property Features for 2318 FAIRMOUNT AVENUE
General Information
- Standard status
- Active
- Size
- 10,156 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1920
Listing Agency
RE/MAX ONE Realty-Moorestown
(215) 485-7279
Listed by
James Perdigao · License #2296334
(215) 485-7279
Source
Xome
Added: Jul 19 Checked: Jul 20 at 1:47 am
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 RE/MAX ONE Realty-Moorestown
Investment Insights
Based on property information with market context.
This two-story property at 2318 Fairmount Avenue in Atlantic City is currently operating as an auto body shop on the first floor. The second floor is described as a blank canvas, giving flexibility for redevelopment consistent with the site’s MURD (Mixed-Use Residential Development) zoning.
Positioned just off the highway as you enter Atlantic City, the property is presented as offering strong accessibility and visibility. The surrounding area is described as being close to major local destinations, including the Atlantic City Boardwalk, the Atlantic City Beach, and nearby casinos and shopping outlets.
Positioned just off the highway as you enter Atlantic City, the property is presented as offering strong accessibility and visibility. The surrounding area is described as being close to major local destinations, including the Atlantic City Boardwalk, the Atlantic City Beach, and nearby casinos and shopping outlets.
Key Highlights
- Two‑story property at 2318 Fairmount Avenue with an operating auto body shop on the first floor
- Second floor is a blank canvas for residential units, office space, or mixed‑use options
- MURD (Mixed‑Use Residential Development) zoning
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
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 - Operating auto body shop on the first floor with a second-floor blank canvas under MURD zoning.
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: Two‑story property at 2318 Fairmount Avenue with an operating auto body shop on the first floor; Second floor is a blank canvas for residential units, office space, or mixed‑use options; MURD (Mixed‑Use Residential Development) zoning
