Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Atlantic City Bar & Restaurant Title is generated by Realmo AI

    3207-3209 Fairmount Ave, Atlantic City, NJ 08401

    View on Map
    Claim this Listing
    For Sale
    $800,000

    COMMERCIAL - Atlantic City, NJ

    Added:
    Sep 12, 2025
    Days on Market:
    252
    Last Refresh:
    May 21 at 5:06 pm

    Property Features for 3207-3209 Fairmount Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Interior features
    Display Windows, Restroom, Smoke/Fire Alarm
    Standard status
    Active

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    8430

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Flooring type
    Linoleum

    We can help!

    Listing Contact
    PAULA HARTMAN

    Listing agent PAULA HARTMAN License #SP-9807299

    Listing office BHHS FOX and ROACH-Margate 9218 VENTNOR AVE, NJ

    Listing date Sep 12, 2025

    MLS# 600327

    Copyright © 2026 South Jersey Shore Regional 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

    • Valuable liquor license included in the sale.
    • Established and long‑standing Atlantic City bar and restaurant.
    • Renovated second‑floor bar/jazz club with bay views.
    • Separate vacant lot included, offering development potential.
    • Spacious first floor with bar seating, pool tables, and full kitchen.
    • Newly updated upstairs bar/lounge with ample natural light.

    Overview

    This well-established bar and restaurant in Atlantic City presents a unique opportunity. Known as Proud Mary's on Fairmount Ave, the property includes a valuable liquor license, a renovated second-floor bar/jazz club, and a separate vacant lot. The spacious first floor features a bar with seating for 14, newer vinyl flooring, two pool tables, and a full kitchen equipped with a fryer, ice maker, walk-in box, and ample liquor storage. The newly updated upstairs bar/lounge offers tons of windows and natural light, bay views toward Bader Field, making it perfect for private events or live entertainment. The adjoining vacant lot offers endless potential for outdoor dining, entertainment space, or future development. This is a fantastic opportunity to own a proven Atlantic City establishment with room to grow.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Woww Sherry's — Atlantic City, NJ 08401
    • Role Play Lounge — 3426 Atlantic Ave, Atlantic City, NJ 08401, United States
    • Marrakesh Hookah Bar & Lounge — 3119 Boardwalk R-18, Atlantic City, NJ 08401
    • South Beach Beer Garden — 3211 Boardwalk, Atlantic City, NJ 08401
    • COCORICO Beach Bar — 3001 Boardwalk, Atlantic City, NJ 08401

    Location Insight

    • Map
    • Local Demand
    City
    Atlantic City
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.4525722
    Latitude
    39.3559619

    Nearby Similar for Sale

    • $449,999
      5,300 SF

      Prime Retail/Mixed-Use Opportunity

      High-visibility corner location perfect for retail, recreation, or mixed-use.
      2524 Arctic Ave, Atlantic City, NJ 08401
      View Details
    • $1,050,000
      10,000 SF

      Atlantic City Motel with Commercial

      Turn-key 25-unit motel with commercial space near Tropicana Casino.
      2741 PACIFIC AVENUE, ATLANTIC CITY, NJ 08401
      View Details
    • $1,050,000

      Atlantic City Motel with Commercial

      Turn-key 25-unit motel with commercial space near Tropicana Casino.
      2741 Pacific Ave, Atlantic City, NJ 08401
      View Details
    • $440,000
      2,707 SF

      Waterfront Duplex in Chelsea Heights

      Turnkey 2-family property in Atlantic City's Chelsea Heights.
      1830 E Riverside Drive, Atlantic City, NJ 08400
      View Details
    • $990,000

      Atlantic City Motel Investment Opportunity

      Turn-key 25-unit motel with commercial space near Tropicana Casino.
      2741 Pacific Ave, Atlantic City, NJ 08401
      View Details
    • $449,999

      Prime Atlantic City Commercial Hotspot

      Bustling corner location ideal for retail, recreation, or mixed-use.
      2524 Arctic Ave Ave, Atlantic City, NJ 08401
      View Details
    • $650,000

      Turnkey Atlantic City Two-Family

      Two-unit property with strong short-term rental income potential.
      117 SEASIDE AVE, Atlantic City, NJ 08401
      View Details
    • $499,000
      5,000 SF

      Atlantic City Commercial Property For Sale

      Commercial property in a high-traffic area, suitable for various uses.
      3207 Atlantic Ave, Atlantic City, NJ 08401
      View Details
    • $800,000

      Atlantic City Bar & Restaurant

      Established bar and restaurant with liquor license and development potential.
      3207-3209 Fairmount Ave, Atlantic City, NJ 08401
      View Details
    • $1,600,000
      10,000 SF

      Atlantic City Commercial Opportunity

      Versatile commercial space with high visibility and ample parking.
      508 Atlantic Ave, Atlantic City, NJ 08401
      View Details
    • $699,900

      Mixed-Use Property Near Beach

      Mixed-use property near the beach and boardwalk in Atlantic City.
      4215-17 Ventnor Ave, Atlantic City, NJ 08401
      View Details
    • $890,000

      Renovated Triplex Near Beach

      Fully renovated triplex near the beach and boardwalk.
      42 S Delancy Place, Atlantic City, NJ 08401
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Established bar and restaurant with liquor license and development potential.
    Where is this bar & pub located?
    The property is located at 3207-3209 Fairmount Ave Atlantic City, NJ.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Valuable liquor license included in the sale.; Established and long‑standing Atlantic City bar and restaurant.; Renovated second‑floor bar/jazz club with bay views.
    (609) 487-7234
    We can help!
    Listing Contact
    PAULA HARTMAN
    Real Estate License ID: SP-9807299
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3207-3209 Fairmount Ave, Atlantic City, NJ 08401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!