6518 Ventnor AveVentnor, NJ 08406

Property Details for 6518 Ventnor Ave

Year built

1920

Construction

CONCRETE BLOCKS

Lot size

0.12 AC

Property size (Sq ft)

7,780 SF

Zone code

C

Property type

Other commercial real estate

APN

22 00071-0000-00013

APU

2200071000000013

Description

This exceptional Ventnor property presents a unique investment opportunity in a thriving downtown business district and vibrant beach community. The corner location at 6518 Ventnor Avenue and New Haven Avenue boasts high visibility and foot traffic. The building comprises three commercial units and three residential units, offering diverse income streams. One commercial unit, a 1,200 sq ft former chiropractor's office (vacant since January), previously generated $1,350 monthly rent. A large 5,000 sq ft commercial space, suitable for a restaurant, retail store, or office spaces, features a commercial kitchen. The residential component includes two two-bedroom, one-bathroom apartments with rental potential, and a four-bedroom, two-bathroom unit currently under renovation. This versatile property offers significant potential for growth and diversification, catering to investors seeking both steady rental income and a prime location in a high-demand area. The combination of commercial and residential spaces in this sought-after district makes this a truly unique investment opportunity with endless possibilities.

• Alternative Use

  Use

  Valuation

  Residential

  $2,868,770

  Hospitality

  $2,627,778

  Educational

  $2,186,280

  Medical

  $2,261,470

  Retail

  $3,400,880

Location Insight

City

Ventnor City

County

Atlantic

State

New Jersey

Latitude

39.3371

Longitude

-74.484

CBSA code

12100

CBSA name

ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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