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Property profile & analytics
OFF-MARKET
Residential income homes

300 Atlantic Ave Atlantic City, NJ 08401-7767

10,315 SF 1.37 ac lot Built 1984
Individually Owned 3-yr Hold
Property ID
US59-3158604
Property summary
AI-generated overview

This exceptional 1,580 square foot ground floor commercial space at 300 Atlantic Avenue is perfect for a variety of uses, including office or retail. Recently renovated, this single-tenant unit offers a convenient and desirable location just a short distance from the beach and the Ocean Casino. The space boasts two individual offices, providing ample privacy for employees or clients. A small kitchenette area is included for hand washing and food preparation, adding to the convenience. The unit also features a bathroom for added comfort. Safety is ensured with a sprinkler system and two means of egress. Utilities are efficiently managed with the landlord covering water costs, while tenants are responsible for gas and electric. This prime location, combined with the modern updates and functional layout, makes this space an ideal opportunity for a business seeking a thriving coastal environment. The building itself comprises 271 units, indicating a vibrant and active community. This is a fantastic chance to establish a presence in a high-traffic area with excellent visibility and accessibility.

Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1984
Total area 10,315 SF
Lot 1.37 ac (59,565 SF)
Zoning code RM-3
APN 02 00127-0000-00005
UPID US59-3158604
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
  • The Atlantic Apartments Apartment Building
  • Law Offices of Eric A Shore Law Firm
  • Lighthouse food market Grocery & Convenience Store Food Market
  • CCI IT Consulting Firm (Bike/Boat/Book/etc) Store
  • Atlantic Color Ltd Inc Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mtag Cust For Empire Vii · 3 yrs held
Mtag Cust For Empire Vii
since 2022
Last sale
$17.0M
6 recorded transactions
2022
$34,757
2022
$22,848
2022
$17.0M
2004
$8.3M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RM-3 · Atlantic City, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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