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325 Atlantic

Atlantic City, NJ 08401
  • $675,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 592584
UPDATED: 68 min ago
$675,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1950
County:

School Ratings & Info

Description

**ATTENTION INVESTORS** Located at the Jersey Shore, in a prime area of Atlantic City we have a **FULLY RENOVATED** **FULLY OCCUPIED** mixed-use commercial property offering an excellent **TURNKEY** investment opportunity. The building features (4) well-maintained units, including (3) residential apartments and (1) leased commercial space on the first floor. Recent updates include a **BRAND NEW ROOF** and extensive renovations to **ALL MAJOR SYSTEMS** within the past two years, minimizing future maintenance costs. **APARTMENT 1** consists of 1-bedroom (plus a den) and 1-bath on the first floor, rented for $1,200/month on a month-to-month lease. **APARTMENT 2** is a 2-bedroom, 1-bath on the second floor, rented for $1,450/month on a yearly lease due for renewal October 2025. **APARTMENT 3** is a 2-bedroom, 1-bath on the third floor, rented for $1,400/month on a yearly lease that was just renewed February 2025. The **COMMERCIAL SPACE** is leased to a 24/7 take-out restaurant for $2,000/month on a 5-year lease (exp. April 2029), with a guaranteed 5% rent increase per year! With a **TOTAL GROSS INCOME OF $72,600** and a **NET OPERATING INCOME (NOI) OF $61,138**, this property presents a solid **9% CAP RATE** at the current asking price. The buildings operating expenses include taxes of $4,902/year, insurance at approximately $5,000/year, and sewer/water costs shared equally with the commercial tenant, totaling around $1,200/year for the owner. Additionally, electric and gas are separately metered for each unit, with tenants also responsible for heat and hot water. The property is strategically located in a high-traffic area of Atlantic City, just minutes from the iconic Atlantic City Boardwalk, world-class casinos, and entertainment venues. Its an optimal location for long-term growth, with proximity to major highways and public transportation, making it a highly desirable area for both residential tenants and commercial ventures. With a thriving tourism industry and a growing demand for housing and retail in Atlantic City, this property represents a unique opportunity to own a fully-renovated, fully occupied, income-generating asset in one of New Jerseys most dynamic markets. Contact us today to schedule a private showing or for more information!

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© 2025 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2025-02-17T08:50:35.943.
www.theoceansiderealtyteam.com/homes/159843548
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325 Atlantic Atlantic City, NJ 08401

  • Price: $675,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 68 min ago
  • MLS #: 592584
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1950
Built
Neighborhood:
Atlantic City
County:
Atlantic
Area:
Atlantic City
Property Description
**ATTENTION INVESTORS** Located at the Jersey Shore, in a prime area of Atlantic City we have a **FULLY RENOVATED** **FULLY OCCUPIED** mixed-use commercial property offering an excellent **TURNKEY** investment opportunity. The building features (4) well-maintained units, including (3) residential apartments and (1) leased commercial space on the first floor. Recent updates include a **BRAND NEW ROOF** and extensive renovations to **ALL MAJOR SYSTEMS** within the past two years, minimizing future maintenance costs. **APARTMENT 1** consists of 1-bedroom (plus a den) and 1-bath on the first floor, rented for $1,200/month on a month-to-month lease. **APARTMENT 2** is a 2-bedroom, 1-bath on the second floor, rented for $1,450/month on a yearly lease due for renewal October 2025. **APARTMENT 3** is a 2-bedroom, 1-bath on the third floor, rented for $1,400/month on a yearly lease that was just renewed February 2025. The **COMMERCIAL SPACE** is leased to a 24/7 take-out restaurant for $2,000/month on a 5-year lease (exp. April 2029), with a guaranteed 5% rent increase per year! With a **TOTAL GROSS INCOME OF $72,600** and a **NET OPERATING INCOME (NOI) OF $61,138**, this property presents a solid **9% CAP RATE** at the current asking price. The buildings operating expenses include taxes of $4,902/year, insurance at approximately $5,000/year, and sewer/water costs shared equally with the commercial tenant, totaling around $1,200/year for the owner. Additionally, electric and gas are separately metered for each unit, with tenants also responsible for heat and hot water. The property is strategically located in a high-traffic area of Atlantic City, just minutes from the iconic Atlantic City Boardwalk, world-class casinos, and entertainment venues. Its an optimal location for long-term growth, with proximity to major highways and public transportation, making it a highly desirable area for both residential tenants and commercial ventures. With a thriving tourism industry and a growing demand for housing and retail in Atlantic City, this property represents a unique opportunity to own a fully-renovated, fully occupied, income-generating asset in one of New Jerseys most dynamic markets. Contact us today to schedule a private showing or for more information!
Exterior Features

Commercial Style Comm. w/Apartments Location Beach Block Lot Dimensions 35.25X64.35IR Road Frontage Township Roof Asphalt Siding Exterior BlockMasonryStucco Stories 3 Waterfront YN No

Interior Features

Air Conditioning Window Units Basement 6 Ft. or More Head RoomUnfinished Baths 3 Heating Gas-Natural Hot Water Gas Interior Features Living Space AvailableRestroomSmoke/Fire Alarm Specialty Rooms Retail Store Wash Rooms 1

Property Features

Age Range 25+ Years Approved Short Sale N/A Auction YN No Available Living SpaceOther (See Remarks) Bank Owned Foreclosure No Buildings 1 Estate YN No Lot Number 62 May Be Subject To Third Party Approval Short Sale No Sewer Public Sewer Tax Year 2024 Taxes 4747 Water Public

South Jersey Shore Regional MLS logo Listing information © 2025 South Jersey Shore Regional MLS.
Listing provided courtesy of eXp Realty-Northfield: .


© 2025 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Oceanside Realty Team | Keller Williams Jersey Shore. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2025-02-17T08:50:35.943.
 
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