1400 Atlantic AveAtlantic City, NJ 08401

Property Details for 1400 Atlantic Ave

Year built

1930

Construction

BRICK

Lot size

0.17 AC

Property size (Sq ft)

14,960 SF

Zone code

CBD

Property type

Commercial real estate

APN

02 00146-0000-00011

APU

200146000000011

Description

Renaissance Plaza offers exceptional retail space in the heart of Atlantic City's revitalized downtown. This Class B, single-story building boasts a prominent location fronting an entire city block on Atlantic Avenue, providing unparalleled visibility and accessibility. With one building containing multiple suites ranging from 1,534 to 21,440 square feet, this property is ideal for a variety of retail uses, including storefront, medical, or restaurant establishments. The property benefits from its strategic location within a densely populated neighborhood, ensuring high foot traffic and ample parking. Its convenient access to Route 130 and the Atlantic City Expressway makes it easily accessible for customers and employees alike. The dual signalized intersection further enhances visibility and accessibility. The property also offers the advantage of pylon signage availability, providing excellent opportunities for branding and marketing. Current national tenants include well-known brands such as GameStop, H&R Block, Pizza Hut, and Family Dollar, creating a strong and established retail environment. This is a unique opportunity to secure a prime retail space in a thriving Atlantic City location. There is abundant parking available for customers and employees. No elevators are present in this single-story building. The property is located in Atlantic County.

• CAP approach

  CAP return

  Valuation

  6%

  $5,461,920

  6.5%

  $5,041,780

  7%

  $4,681,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,954,670

  Geo Method

  $1,954,670

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,869,050

  Retail / Commercial

  $5,071,970

  Mixed-Use / Specialty

  $5,062,690

  Hospitality / Lodging

  $3,725,790

  Office

  $5,041,780

  Institutional / Educational

  $5,266,300

  Residential Income

  $6,161,570

  Multifamily

  $7,341,070

  Automotive / Energy

  $4,513,970

  Parking / Income-Based Land

  $1,549,020

  Restaurant / Food Service

  $2,651,920

  Healthcare / Senior Housing

  $5,182,670

Location Insight

City

Atlantic City

County

Atlantic

State

New Jersey

Latitude

39.3618

Longitude

-74.428

CBSA code

12100

CBSA name

ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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