Property profile

1408 Pacific Ave Atlantic City, NJ 08401

OFF-MARKET
Commercial real estate
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Property ID
US59-3024334
10,564 SF 0.23 ac Built 1927
Last sale Aug 2007·$19,606
Individually Owned Owner of record is an individual. 19-yr Hold Held for 19 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

This exceptional redevelopment opportunity presents a 54,972 square foot, five-story building situated on a corner lot in Atlantic City, New Jersey. Originally constructed in 1927 as a Knights of Columbus Hall, this property boasts a rich history and stunning architectural details, including gorgeous exterior craftsmanship. Currently, the interior is gutted and ready for complete rehabilitation, offering a blank canvas for a variety of uses. Approved plans exist for 70 condos or a 99-unit…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$12k
Tax billed · 2022
Assessed value · 2023$325k
Assessed land$180k
Assessed improvement$145k
Effective rate3.78%

Value estimate

· Nov 2026
$310k
$279k – $341k
Submarket $/SF estimate$739k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$111/SF
ZIP average, outlier-cleaned · 199 recorded sales of this use type
Observed band · Q1–Q3$70 – $173
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RS-C
When the RS-C zone was first implemented, the minimum lot area required for a casino was two (2) acres. While that remains unchanged to t...
General categoryCOMMERCIAL
JurisdictionATLANTIC

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store14.2
Realty agency13.4
Storage Facility11.5

Location

1408 Pacific Ave Atlantic City, NJ 08401-8011
County assessor Recorded deeds · 4 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3816 Ventnor, Atlantic City, NJ 08401-5945 $475,000 Feb 2026 4,200 SF
1633 Atlantic, Atlantic City, NJ 08401-6914 $950,000 Jul 2025 16,720 SF
209 10th, Atlantic City, NJ 08401-7113 $35,000 May 2025 9,876 SF
1718 Atlantic, Atlantic City, NJ 08401-6806 $290,000 Apr 2025 7,048 SF
2601 Pacific, Atlantic City, NJ 08401-6432 $330,000 Dec 2024 5,696 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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