3709 Ventnor Ave Atlantic City, NJ 08401-6003
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Deshi Bazaar & Produce Grocery & Convenience Store Food Market
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BTM Machines Bitcoin ATM Crypto Atm Atm
o NC-2 - Neighborhood Commercial 2 o MC - Marine Commercial o HW-C - Highway Commercial o HC - Heavy Commercial o RS - Resort Service o RS-C - Resort Commercial Development o L-I - Light Industrial o TRS - Transportation o R-1 - Single Family Detached o R-2 - Single Family Detached o R-3 - Single Family Detached (Townhouse) o RM-1 - Multi-Family Walk-up Apar…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
NC-2 · Atlantic City, NJo NC-2 - Neighborhood Commercial 2 o MC - Marine Commercial o HW-C - Highway Commercial o HC - Heavy Commercial o RS - Resort Service o RS-C - Resort Commercial Development o L-I - Light Industrial o TRS - Transportation o R-1 - Single Family Detached o R-2 - Single Family Detached o R-3 - Single Family Detached (Townhouse) o RM-1 - Multi-Family Walk-up Apartments o RM-2 - Multi-Family Lowrise Apartments o RM-3 - Multi-Family Midrise Apartments o RM-4 - Multi-Family Highrise Apartments o RMC-4 - Multi-Family Highrise Apartments Commercial x One (1) Overlay District o NC-1 Overlay - Neighborhood Commercial 1 x Other Zones/Designations o BEACH - Beach Area o MTM - Marine Tidal Marsh The table in Figure 39, on the following page, provides the acreages of each zone as it currently exists. Additionally, on the following page Figure 40 depicts a map with all zoning districts illustrated for the City. A T L A N T I C C I T Y M A S T E R P L A N Land Use 48 Figure 39 Table of Zoning District Areas Zoning code Zoning Area (acres) AC Area Commercial 64.90 BEACH Beach 437.09 CBD Central Business District 262.38 HC Heavy Commercial 15.11 HNRA Huron North Redevelopment Area 224.68 HW-C Highway Commercial 466.38 L-I Light Industrial 46.99 MC Marine Commercial 121.97 MTM Marine Tidal Marsh 5841.51 NC-1 Neighborhood Commercial 1 36.57 NC-1 OVERLAY Neighborhood Commercial 1 5.21 NC-2 Neighborhood Commercial 1 58.21 NE INLET Northeast Inlet Redevelopment Area 148.70 R-1 Single Family Detached 271.84 R-2 Single Family Detached 224.57 R-3 Single Family Attached (Townhouse) 328.86 RM-1 Multi-Family Walkup Apartments 112.64 RM-2 Multi-Family Lowrise Apartments 145.28 RM-3 Multi-Family Midrise Apartments 73.09 RM-4 Multi-Family Highrise Apartments 13.98 RMC-4 Multi-Family Highrise Apartments Commercial 2.95 RS Resort Service 55.61 RS-C Resort Commercial Development 353.67 SIRA Southwest Inlet Redevelopment Area 13.73 TRS Transportation 146.66 UURT Uptown Urban Renewal Area 41.99 Total 9514.58 A T L A N T I C C I T Y M A S T E R P L A N Land Use 49 Figure 40 A T L A N T I C C I T Y M A S T E R P L A N Land Use 50 While the zoning districts provide the basis for land use development within the City, since 1992, the State of New Jersey has provided local municipalities the ability to designated “blighted” sections of their city as Areas in Need of Redevelopment. The Local Redevelopment and Housing Law (LRHL), pursuant to Municipal Land Use Law (N.J.S.A.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.