Two-Story Auto Body Shop
2318 Fairmount Avenue Atlantic City Atlantic City, NJ 08401
2318 Fairmount Avenue Atlantic City, Atlantic City, NJ, 08401
$2,650,000
For Sale
$2,650,000
Two-story property with an operating auto body shop and blank second floor for mixed-use residential or office conversion.
Property Size10,156 SF
Price / SF$260.93
Days on Market18
Property Features for 2318 Fairmount Avenue Atlantic City
General Information
- Standard status
- Active
- Size
- 10,156 SF
Building Details
- Year Built
- 1920
Listing Agency
(609) 891-3848
Listed by
Gina Marie Mazur
(609) 891-3848
Source
Remaxwelcomehomenj
Added: Jun 30 Checked: Jul 17 at 2:35 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 Gina Marie Mazur
Investment Insights
Based on property information with market context.
This two-story property at 2318 Fairmount Avenue includes a first floor that is currently operating as an auto body shop. The second floor is described as a blank canvas, offering flexibility for future build-out choices such as residential units, office space, or a mixed-use concept.
The site is positioned in Atlantic City and is described as just off the highway as you enter the city, with visibility and accessibility that can support ongoing use and future redevelopment. The public remarks also place the property near major attractions and commercial destinations, including the Atlantic City Boardwalk and beach, as well as casinos and shopping outlets.
For buyers or developers, the combination of an operating automotive use on the first floor and a customizable second floor can be useful when planning phased improvements or a larger redevelopment program. With MURD (Mixed-Use Residential Development) zoning noted in the remarks, the property is positioned to support mixed-use residential development plans alongside potential office uses, depending on the buyer’s intended concept.
The site is positioned in Atlantic City and is described as just off the highway as you enter the city, with visibility and accessibility that can support ongoing use and future redevelopment. The public remarks also place the property near major attractions and commercial destinations, including the Atlantic City Boardwalk and beach, as well as casinos and shopping outlets.
For buyers or developers, the combination of an operating automotive use on the first floor and a customizable second floor can be useful when planning phased improvements or a larger redevelopment program. With MURD (Mixed-Use Residential Development) zoning noted in the remarks, the property is positioned to support mixed-use residential development plans alongside potential office uses, depending on the buyer’s intended concept.
Key Highlights
- Two‑story property at 2318 Fairmount Avenue, with the first floor operating as an auto body shop and the second floor offering blank space
- MURD (Mixed‑Use Residential Development) zoning for residential, office, or mixed‑use conversion opportunities
- 10156 SF total building area on a 0.14‑acre lot (65.50 x 92.65), per Assessor
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
Retail
$1.39M
$1.22M – $1.63M
NOI $97,574 @ 7.0% cap · market cap 3.68%
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 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 an operating auto body shop and blank second floor for mixed-use residential or office conversion.
Where is this auto shop located?
The property is located at 2318 Fairmount Avenue Atlantic City 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: Two‑story property at 2318 Fairmount Avenue, with the first floor operating as an auto body shop and the second floor offering blank space; MURD (Mixed‑Use Residential Development) zoning for residential, office, or mixed‑use conversion opportunities; 10156 SF total building area on a 0.14‑acre lot (65.50 x 92.65), per Assessor
