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1101 Atlantic Ave 11,274 SF Retail Building Atlantic City, NJ 08401 $2,300,000 ($204.01/SF)
Investment Highlights
- Two (2) Drive-Thru Lanes
- Overhead Door to Rear Storage/Warehouse
- Three (3) Street Access Points
- Prominent Signage / Strong Frontage
- Corner Lot with Exceptional Visibility
Executive Summary
1101 Atlantic Avenue - This former Walgreens presents a rare 1.02-acre corner opportunity with an 11,274 SF building (approx. 11,000 SF on the ground level). Exceptional visibility, strong frontage, curb appeal, and a proven national-credit layout located within an Opportunity Zone. Zoned CBD, the site is built for high-volume users with two drive-thru lanes, tremendous parking, and three points of ingress/egress for effortless customer flow and deliveries. The building includes an overhead door into the rear warehouse/storage area plus a conveyor system servicing additional second-floor storage. Plug-and-play repositioning or redevelopment site for retail, medical, QSR, urgent care, service, or mixed-use concepts.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,274 SF
Building Class
B
Year Built
1999
Price
$2,300,000
Price Per SF
$204.01
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.02 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District
Parking
35 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
150’ on Atlantic Ave
Amenities
- 24 Hour Access
- Corner Lot
- Dedicated Turn Lane
- Mezzanine
- Security System
- Signage
- Signalized Intersection
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
Walk Score®
Walker's Paradise (90)
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-00299-0000-00006 | Improvements Assessment | $1,490,500 |
| Land Assessment | $1,666,200 | Total Assessment | $3,156,700 |
Property Taxes
Parcel Number
02-00299-0000-00006
Land Assessment
$1,666,200
Improvements Assessment
$1,490,500
Total Assessment
$3,156,700
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1101 Atlantic Ave
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