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Property profile & analytics
OFF-MARKET
Office buildings

112 Park Pl Atlantic City, NJ 08401

0.67 ac lot Built 1996
Entity Owned 12-yr Hold Free & Clear
Property ID
US59-0444645
Property summary
AI-generated overview

This exceptional Atlantic City property, located at 112 Park Place (cross street: Pacific Ave), offers multiple office spaces within a historic building. The building, a three-story structure with elevators, features a total of 18,330 square feet of vacant space, divisible into units ranging from 3,130 to 11,900 contiguous square feet. The zoning is RS-C. The available space is suitable for executive and traditional office uses, as well as storefront retail. Amenities include a backup generator, parking garage, and proximity to a beach. The building boasts a connection to Bally's Casino via an enclosed gateway on the second floor. Additional amenities include a conference/convention center, four restaurants, optional sledge cards, and a workout facility. This is a rare opportunity to lease space in a landmark building with a rich history, having hosted numerous notable figures. The lease rate is $20 per square foot, plus utilities. The property is located in Atlantic County, New Jersey, zip code 08401. This is one of the last remaining architectural masterpieces from the Boardwalk Empire era.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1996
Lot 0.67 ac (29,120 SF)
Zoning code RS-C
APN 02 00044-0000-00001
UPID US59-0444645
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Crystal Industrial Chemicals Pharmacy
  • Design 710 Dispensary (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Tjm Atlantic City LLC · 12 yrs held
Tjm Atlantic City LLC
since 2014
7 recorded transactions
2020
Price N/A
2018
Price N/A
2014
Price N/A
2014
$3.0M
2009
Price N/A
2008
Price N/A
2001
$38.7M
Zoning & alternative use
RS-C · Atlantic City, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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