401 Elberon AveAtlantic City, NJ 08401

  • Other commercial real estate
  • 3,824 SF
For Sale
$375,000 View listing

Property Details for 401 Elberon Ave

Year built
1950
Construction
CONCRETE BLOCKS
Lot size
0.09 AC
Property size (Sq ft)
3,824 SF
Zone code
R-2
Property type
Other commercial real estate
APN
02 00789-0000-00013
APU
200789000000013

Description

This exceptional 3,824 square foot warehouse, located at 401 N Elberon Ave in Atlantic City, New Jersey, presents a compelling investment opportunity. Built in 1950, this single-story building sits on a 3,900 square foot lot and is zoned R-2. The warehouse boasts a generous 14-foot ceiling height, a convenient 10x10 drive-in door, and a small office area, making it highly adaptable to a variety of business needs. Currently utilized as a workshop, this versatile space offers ample potential for storage, manufacturing, or other industrial uses. Its strategic location provides easy access to the Atlantic City Expressway, as well as the neighboring towns of Ventnor, Margate, and Longport, ensuring excellent connectivity and accessibility. The asking price is $375,000. This property represents a rare chance to acquire a well-situated, functional warehouse in a thriving Atlantic City location. The property consists of one unit within a single building. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,410,048
    Hospitality
    $1,291,596
    Educational
    $1,074,593
    Medical
    $1,111,550
    Retail
    $1,671,589
401 Elberon Ave, Atlantic City, New Jersey

Location Insight

City
Atlantic City
County
Atlantic
State
New Jersey
Latitude
39.3548
Longitude
-74.461
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
$5,054
$58,500
$75,300
$133,800
-
$58,500
$75,300
$133,800

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