Drive-Through Bank Ground
For Sale
Contact for pricing
4910 WELLINGTON AVE, Ventnor City, NJ 08406
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 Market179
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
Zoning
D-C
Investment Type
Redevelopment
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1970
Buildings
1
Stories
1
Listing Agency:
Foresite Commercial Realty
Listed By:
Samantha Zerafa Roessler · License #NJ 1643608
(609) 816-1517
Source:
Crexi
Added: Apr 28
Changed: Oct 16
Last Checked: Oct 20 at 7:03PM
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
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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)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,917
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,558,340
$3.6M
Cap Rate 7%
$2,541,671
$2.5M
Cap Rate 9%
$1,976,856
$2.0M
Market Conditions
NOI Build-Up for 11,500 SF
Gross rent
$248.4K $21.60/SF
− Vacancy
−$11.2K −$0.97/SF
EGI
$237.2K $20.63/SF
− OpEx
−$59.3K −$5.16/SF
NOI
$177.9K $15.47/SF
Area
Atlantic County, NJ
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,558,340
Cap Rate 7%
$2,541,671
Cap Rate 9%
$1,976,856
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 authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 28%
Dunkin' Donuts
Dining
4,755 visits/mo
0.3 miles
Dollar General
Shops & Services
1,824 visits/mo
0.3 miles
Demographics for 08406, NJ
9,188
Population
7,772
Households
1.2
Avg Household Size
51
Median Age
38%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
4,594
Density / Sq Mi
$75,034
Median Household Income
$51,057
Median Earnings
$1,460
Median Rent
$345,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
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)
