2922 Atlantic Avenue, Atlantic City, NJ 08401

 

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• Price:
  $4,900,000
• Building Size:
  25,078 SF
• Price/SF:
  $195.39
• Property Type:
  Office
• Property Sub-type:
  Office Building
• Additional Sub-types:
  Street Retail
  Neighborhood Center
• Property Use Type:
  Investment
• Occupancy:
  100%
• No. Stories:
  3
• Building Class:
  A
• Tenancy:
  Multiple
• Lot Size:
  0.23 AC
• Find Out More...

Last Verified  1/28/2011 Listing ID  16998484

Attachments

• Enhanced Listing Web Site

Description

ATTENTION ALL INVESTORS!! Dynamite opportunity to own a high-profile Atlantic City 3-story commercial building next to the Tropicana Casino and The Quarter. FULLY LEASED WITH FABULOUS INCOME!! Structurally sound for 2 additional floors. The only hotel on Atlantic Avenue complete with drawings and permits for 32 rooms. POSSIBLE SITE OF A FUTURE BOUTIQUE HOTEL!!! Two blocks to the beach and boardwalk in the hottest location of AC!! Trust your impulse! Call today for more information.

Located next to the Tropicana Casino and The Quarter. Just two blocks to the beach and world famous Atlantic City boardwalk.

Major Tenant Information

• Actual
• Year
  2010
• Scheduled Gross Income
  $350,160

Tenant		Lease Expired
7-11
H & R
Planned Parenthood		4/1/2014
Marathon Engineering		6/1/2015
Atlantic City Police Dept		5/1/2015

Map of 2922 Atlantic Avenue, Atlantic City, NJ 08401 (Atlantic County)

 

cap rate=350,000/4,900,000............7.14%