Drive-Through Bank Ground
4910 WELLINGTON AVE Ventnor City, NJ 08406
4910 WELLINGTON AVE, Ventnor City, NJ, 08406
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For Sale
Contact for pricing
Existing bank building with drive-through ATM ground lease in place through 2030 in a Design Commercial zone.
Property Size11,500 SF
Lot Size1.93 Acres
Price / SF$190.87
Days on Market87
Property Features for 4910 WELLINGTON AVE
General Information
- Standard status
- Active
- Size
- 11,500 SF
- Lot size
- 1.93 Acres
- Property subtype
- Retail, Mixed Use, Land
Building Details
- Year Built
- 1970
Listing agency
Foresite Commercial Realty
(609) 646-1919
Listed by
Samantha Zerafa Roessler · License #NJ 1643608
Source
Crexi
Added: Apr 28 Updated: Jul 23 at 12:44AM Checked: Jul 23 at 12:44AM
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 Foresite Commercial Realty
Investment Insights
Based on property information with market context.
This offering includes a 11,500+/- square foot existing building situated on 1.93+/- acres in a redevelopment district. A drive-through bank machine ground lease is currently in place, with term extending to 2030.
The property is zoned D-C (Design Commercial) and is located next to the Ventnor Plaza Shopping Center, which is anchored by Acme, Starbucks, Burger King, Auto Zone, and others. Ventnor Beach is under 2 miles away. An adjacent parcel is being developed into a self storage facility.
Access is described as easily achievable from the Black Horse Pike / 322 corridor.
The property is zoned D-C (Design Commercial) and is located next to the Ventnor Plaza Shopping Center, which is anchored by Acme, Starbucks, Burger King, Auto Zone, and others. Ventnor Beach is under 2 miles away. An adjacent parcel is being developed into a self storage facility.
Access is described as easily achievable from the Black Horse Pike / 322 corridor.
Key Highlights
- 1.93 +/- acres with an existing 11,500+/- SF building
- Drive‑through ATM ground lease in place through 2030
- Zoned D‑C (Design Commercial)
Local Financial Insights For Specialty Retail
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 | $248.4k | $21.60 |
| − Vacancy | −$11.2k | −$0.97 |
| EGI | $237.2k | $20.63 |
| − OpEx | −$59.3k | −$5.16 |
| NOI | $177.9k | $15.47 |
11,500 SF · lease $21.60/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.54M
$2.22M – $2.97M
NOI $177,917 @ 7.0% cap · market cap 8.11%
Second Best
Retail
$1.58M
$1.38M – $1.84M
NOI $110,486 @ 7.0% cap · market cap 5.03%
Theoretical Best
Warehouse
$4.28M
$3.75M – $5.00M
NOI $299,777 @ 7.0% cap · market cap 13.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Existing bank building with drive-through ATM ground lease in place through 2030 in a Design Commercial zone.
Where is this bank located?
The property is located at 4910 WELLINGTON AVE Ventnor City, NJ.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 1.93 +/- acres with an existing 11,500+/- SF building; Drive‑through ATM ground lease in place through 2030; Zoned D‑C (Design Commercial)
