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Arcade Bldg 1325 Boardwalk Ave 74,000 SF 100% Leased Office Building Atlantic City, NJ 08401 $7,900,000 ($106.76/SF) 9.54% Cap Rate
Investment Highlights
- Fully leased asset with State of New Jersey as anchor tenant.
- Located on Atlantic City’s world-famous Boardwalk in a top tourist hub.
- Additional income security through multiple long-term retail tenants.
- 48-year operating commitment and recent four-year lease extension.
- Zoning permits future redevelopment up to 33 stories (air rights).
- High probability of renewals with proven government occupancy history.
Executive Summary
1325 Boardwalk Avenue offers investors a premier, mission-critical government tenancy in the heart of Atlantic City’s iconic Boardwalk district. Anchored by the State of New Jersey’s Casino Control Commission headquarters, the property reflects 48 years of operational history with a recent four-year extension now in place. Spanning approximately 74,000 square feet on a one-acre parcel, the building features ground-level retail leased to long-standing tourism-oriented tenants and upper-level office occupancy. This fully leased asset delivers predictable income backed by a strong guarantor and benefits from its irreplaceable location in a high-traffic tourist zone. Future redevelopment potential further elevates long-term value, supported by zoning entitlements allowing up to 33 stories of vertical expansion. With stable in-place income and upside from air rights, this offering presents a core Boardwalk investment with consistent returns and redevelopment optionality.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
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$9.99
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Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
74,000 SF
Building Class
B
Year Built/Renovated
1964/2014
Price
$7,900,000
Price Per SF
$106.76
Cap Rate
9.54%
NOI
$753,800
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
37,000 SF
Building FAR
1.70
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
RS-C - Resort Commercial
Parking
2 Spaces (0.03 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Waterfront
- Storage Space
- Central Heating
- Air Conditioning
- Smoke Detector
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02-00055-0000-00001 | Improvements Assessment | $6,788,000 |
| Land Assessment | $1,080,000 | Total Assessment | $7,868,000 |
Property Taxes
Parcel Number
02-00055-0000-00001
Land Assessment
$1,080,000
Improvements Assessment
$6,788,000
Total Assessment
$7,868,000
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Arcade Bldg | 1325 Boardwalk Ave