2431 Fairmount Ave Atlantic City, NJ 08401
- Commercial real estate
- 2,308 SF
- 0.11 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2431 Fairmount Ave
- Year built
- 1920
- Construction
- METAL FRAME
- Lot size
- 0.11 lot acres
- Property size
- 2,308 SF
- Zone code
- MCRD
- Property type
- Commercial real estate
- APN
- 02 00385-0000-00004
- APU
- 200385000000004
Description
This exceptional commercial property, located at 2431 Fairmount Avenue in Atlantic City, New Jersey, 08401, presents a unique investment opportunity. The 2,800 square foot building offers a versatile layout, currently configured as a warehouse and office space, ideal for a variety of uses. Features include a reception desk, ample space for indoor operations, and secure gated outdoor parking accommodating eight or more vehicles. This makes it particularly well-suited for businesses requiring storage, distribution, or fleet management capabilities. Its strategic location provides easy access to major transportation arteries, including the Atlantic City Expressway and the Brigantine Connector Tunnel, ensuring convenient logistics and accessibility for clients and employees. The building also includes essential amenities such as bathroom facilities and gas heating. The property's zoning allows for a range of commercial uses, making it an attractive option for entrepreneurs and investors seeking a well-located and functional space in a thriving Atlantic City market. The asking price is $378,000. This property is ready for immediate occupancy and offers significant potential for growth and return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $430,000
- 6.5%
- $410,000
- 7%
- $405,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $435,000
- Geo Method
- $395,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $420,000
- Mixed-Use
- $355,000
- Hospitality
- $355,000
- Educational
- $325,000
- Residential Income
- $420,000
- Energy
- $400,000
- Income-Based Land
- $370,000
- Food Service
- $350,000
Location Insight
- Map
- Local Demand
- City
- Atlantic City
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.4437
- Latitude
- 39.3596
- CBSA code
- 12100
- CBSA name
- ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA