1512 Atlantic AveAtlantic City, NJ 08401

  • Commercial real estate
  • 26,766 SF
For Lease
$12/SF/YR View listing

Property Details for 1512 Atlantic Ave

Year built
1910
Construction
BRICK
Lot size
0.14 AC
Property size (Sq ft)
26,766 SF
Zone code
CBD
Property type
Commercial real estate
APN
02 00151-0000-00009
APU
200151000000009

Description

This exceptional 4,500 square foot retail space is ideally situated on Atlantic Avenue in a central business district (CBD) location. The property offers a single-tenant occupancy, perfect for a business seeking a prominent, high-visibility location. The entire space is conveniently located on one level, eliminating any logistical challenges associated with multi-level layouts. Its suitability for retail operations is further enhanced by its pre-approved CBD zoning designation. This ensures a streamlined process for any prospective tenant seeking to establish or expand their business in this vibrant commercial area. The expansive floor plan provides ample space for a variety of retail configurations, allowing for flexible design and optimal use of the space. The property's prime location on Atlantic Avenue guarantees high foot traffic and excellent exposure to potential customers. This presents a unique opportunity for businesses seeking a high-impact retail presence in a thriving commercial hub. The single-tenant occupancy eliminates the complexities of managing multiple tenants, simplifying operations and maximizing control over the property's use. This turnkey solution is perfect for businesses seeking a hassle-free entry into a prime retail location. The all-on-one-level design ensures ease of access and efficient workflow, contributing to a smooth and productive business environment. This exceptional retail space offers a compelling combination of size, location, and zoning, making it an attractive proposition for discerning businesses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $9,869,600
    Hospitality
    $9,040,500
    Educational
    $7,521,590
    Medical
    $7,780,269
    Retail
    $11,700,251

Location Insight

City
Atlantic City
County
Atlantic
State
New Jersey
Latitude
39.3611
Longitude
-74.4296
CBSA code
12100
CBSA name
ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$20,570
$148,000
$396,600
$544,600
-
$148,000
$396,600
$544,600

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