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1117 Arctic Ave
Atlantic City, NJ 08401
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Mixed-Use Redevelopment Opportunity
- Two 2-Bed, 1-Bath Apartments
- Ground-Floor Commercial Space
- Prime Location Near Atlantic City's Casinos, Restaurants, Shopping, Beaches, and Entertainment
Executive Summary
This mixed-use property presents a unique investment or redevelopment opportunity in the heart of the city's vibrant entertainment corridor. The ground-floor commercial space, formerly operated as a bicycle store, is complemented by two upper-level rental apartments, each offering 2 bedrooms and 1 full bathroom. Just moments from Atlantic City's casinos, restaurants, shopping, beaches, and entertainment, the property is ideally situated for a variety of potential uses. The property is being sold strictly as is, with the seller to provide a Land Use Certificate and deliver the premises vacant at closing.
Property Facts
| Price Per Unit | $91,667 | Building Size | 2,732 SF |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 3 | Year Built | 1920 |
| Property Type | Opportunity Zone |
Yes
|
|
| Lot Size | 0.02 AC | ||
| Zoning | NC-1 | ||
| Price Per Unit | $91,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | |
| Lot Size | 0.02 AC |
| Building Size | 2,732 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Opportunity Zone |
Yes |
| Zoning | NC-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
Property Taxes
| Parcel Number | 02-00316-0000-00030 | Improvements Assessment | $111,300 |
| Land Assessment | $20,700 | Total Assessment | $132,000 |
Property Taxes
Parcel Number
02-00316-0000-00030
Land Assessment
$20,700
Improvements Assessment
$111,300
Total Assessment
$132,000
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