9219 Atlantic AveMargate City, NJ 08402

Property Details for 9219 Atlantic Ave

Lot size

0.05 AC

Zone code

MF

Property type

Office properties

Property subtype

Other office properties

APN

16 00126-0000-00004-0000-C0005

APU

16001260000000040000C0005

Description

This exceptional 2,197 square foot executive office space is ideally situated at 9219 Atlantic Avenue in Margate City, New Jersey, 08402. Located in the Central Business District, this beautifully finished first-floor office boasts ample natural light from perimeter windows. The layout includes well-appointed conference rooms, individual offices, a convenient kitchenette, and a spacious bull pen area. The property includes 20 parking spaces, with potential for expansion. Its prime location offers easy access to major roadways, including the Garden State Parkway, AC Expressway, and Route 40, providing convenient commutes. Just minutes from Atlantic City and within walking distance of the beach, this location offers unparalleled convenience. The surrounding area is rich with amenities, including Wawa, CVS, and Steve and Cookie's by the Bay, along with numerous other retail, medical, and professional businesses, many within walking distance. This property is perfect for a variety of professional uses, such as law firms, accounting practices, or general office spaces. The building is nestled amongst high-demographic neighborhoods, making it an attractive and accessible location for employees and clients alike. The asking price is $1,395,000.

• CAP approach

  CAP return

  Valuation

  6%

  $707,761

  6.5%

  $653,318

  7%

  $606,652

• Comparable approach

  Method

  Valuation

  Relative Method

  $287,060

  Geo Method

  $287,060

• Alternative Use

  Use

  Valuation

  Residential

  $810,114

  Hospitality

  $742,060

  Educational

  $617,385

  Medical

  $638,618

  Retail

  $960,377

Location Insight

City

Margate City

County

Atlantic

State

New Jersey

Latitude

39.3212

Longitude

-74.5123

CBSA code

12100

CBSA name

ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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