Limitless Potential in Atlantic
925 Atlantic Ave, Atlantic City, NJ 08401
- Added:
- Mar 22, 2024
- Days on Market:
- 802
- Last Refresh:
- Jun 1 at 8:06 am
Property Features for 925 Atlantic Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- CBD
- Bedrooms
- 28
- Rooms
- Bedroom 10, Bedroom 26, Bedroom 23, Bedroom 13, Bedroom 25, Bedroom 9, Bedroom 22, Bedroom 15, Bedroom 14, Bedroom 24, Bedroom 27, Bedroom 19, Bedroom 8, Bedroom 4, Bedroom 5, Bedroom 20, Bedroom 3, Bedroom 21, Bedroom 18, Bedroom 6, Bedroom 16, Bedroom 28, Bedroom 11, Bedroom 7, Bedroom 17, Bedroom 12, Bedroom 2, Bedroom 1
- Exterior features
- Curbs, Sidewalks
- Standard status
- Active
- Size
- 6,000 SF
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 2541
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Number of units
- 14
Listing agent GERARD (Jerry) BARKER License #0566410 (609) 481-7745
Listing office WEICHERT REALTORS ASBURY GROUP-AC 524 PACIFIC AVENUE, ATLANTIC CITY, NJ (609) 344-6200
Listing date Mar 22, 2024
MLS# 583429
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
- Approved Green Zone location, offering potential benefits.
- Prime CBD location, just one block from major casinos and two blocks from the beach and boardwalk.
- Massive building with limitless potential, framed for 8 three‑bedroom and 4 one‑bedroom residential units.
- Two large commercial spaces, each over 3000 sqft (6000 sqft combined).
- Significant renovations completed: fully gutted to brickwork, asbestos removed, structurally sound, new windows, new flooring joists, level floors, framed for residential units.
- Super LOW Taxes.
Overview
This massive building, located in the CBD zone in the heart of Atlantic City, offers limitless potential. Situated just one block from the Hardrock, Steel Pier, Ocean Casino, Resorts, Margaritaville, and Showboat Casinos, and two blocks from the beach and boardwalk, the property benefits from its proximity to Tanger Outlets, Gardners Basin, Borgata, Harrah's, Golden Nugget, Little Water Distillery, Back Bay Alehouse, The Seed Brewery, and Farley Marina. The building includes two commercial spaces, each over 3000 square feet, totaling over 6000 square feet combined. The top two floors are framed to accommodate eight three-bedroom and four one-bedroom residential units. The property has been fully gutted to the brickwork, with all asbestos removed. The building is structurally sound, with new windows throughout, new flooring joists, and level floors. It is framed for 12 residential units. The property is an approved Green Zone. Pro-forma and floor plans are available upon request. The property is intended for mixed-use purposes.
Local Financial Insights For Mixed Use
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 | $162.0k | $27.00 |
| − Vacancy | −$19.4k | −$3.24 |
| EGI | $142.6k | $23.76 |
| − OpEx | −$53.5k | −$8.91 |
| NOI | $89.1k | $14.85 |
6,000 SF · lease $27.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.27M
$1.11M – $1.49M
NOI $89,100 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$858.0K
$750.7K – $1.00M
NOI $60,058 @ 7.0% cap · market cap 4.45%
Theoretical Best
Warehouse
$2.23M
$1.96M – $2.61M
NOI $156,405 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Atlantic City
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.4227432
- Latitude
- 39.3644624
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Massive mixed-use building near casinos and boardwalk with residential potential.
Where is this mixed-use property located?
The property is located at 925 Atlantic Ave Atlantic City, NJ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Approved Green Zone location, offering potential benefits.; Prime CBD location, just one block from major casinos and two blocks from the beach and boardwalk.; Massive building with limitless potential, framed for 8 three‑bedroom and 4 one‑bedroom residential units.
