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10 N Florida Ave 15,000 SF Industrial Building Atlantic City, NJ 08401 $699,000 ($46.60/SF) 18.60% Cap Rate
Investment Highlights
- Prime industrial location in Atlantic City with strong access to key transportation routes and regional hubs.
- Convenient connectivity to major highways, port facilities, and the broader South Jersey market.
- Surrounded by a mix of commercial and industrial users, supporting a range of business operations.
- Well-positioned for distribution, logistics, and light industrial use within an active coastal market.
Executive Summary
Strategically located in Atlantic City, this industrial property benefits from proximity to major transportation routes, port access, and a strong regional workforce. The surrounding area features a mix of commercial and industrial uses, supporting logistics, distribution, and light manufacturing operations. Its location near key corridors and regional hubs provides convenient connectivity throughout South Jersey and the broader Mid-Atlantic. The site is well-positioned to serve local businesses while maintaining access to larger metropolitan markets.
Priced to Sell !. Rare find, 3 story Warehouse in the heart of the business district of Atlantic City. Frontage on 2 streets. each floor has 5,000 SQ FT.+/- Total square footage of the building about 15,000 +/- SQFT. Great for Storage, Warehousing, Final Mile Delivery - the options are wide opened. Wide over heads loading doors and a freight elevator. many possibilities of use. Zoned in the Cannabis District.
Priced to Sell !. Rare find, 3 story Warehouse in the heart of the business district of Atlantic City. Frontage on 2 streets. each floor has 5,000 SQ FT.+/- Total square footage of the building about 15,000 +/- SQFT. Great for Storage, Warehousing, Final Mile Delivery - the options are wide opened. Wide over heads loading doors and a freight elevator. many possibilities of use. Zoned in the Cannabis District.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$150,000
|
$10.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$150,000
|
$10.00
|
| Taxes |
$10,266
|
$0.68
|
| Operating Expenses |
$9,700
|
$0.65
|
| Total Expenses |
$19,966
|
$1.33
|
| Net Operating Income |
$130,034
|
$8.67
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $150,000 |
| Annual Per SF | $10.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $150,000 |
| Annual Per SF | $10.00 |
| Taxes | |
|---|---|
| Annual | $10,266 |
| Annual Per SF | $0.68 |
| Operating Expenses | |
|---|---|
| Annual | $9,700 |
| Annual Per SF | $0.65 |
| Total Expenses | |
|---|---|
| Annual | $19,966 |
| Annual Per SF | $1.33 |
| Net Operating Income | |
|---|---|
| Annual | $130,034 |
| Annual Per SF | $8.67 |
Property Facts
Amenities
- 24 Hour Access
- Front Loading
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Exceptionally walkable
90/100
Moderately drivable
60/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 02-00277-0000-00006 | Total Assessment | $303,700 (2025) |
| Land Assessment | $115,000 (2025) | Annual Taxes | $10,266 ($0.68/SF) |
| Improvements Assessment | $188,700 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
02-00277-0000-00006
Land Assessment
$115,000 (2025)
Improvements Assessment
$188,700 (2025)
Total Assessment
$303,700 (2025)
Annual Taxes
$10,266 ($0.68/SF)
Tax Year
2026
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10 N Florida Ave