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Executive Summary

This 5,500 sq ft building is currently used as office space and recently sustained water damage from a kitchen leak, which has been fully mitigated by Serve Pro. Historic records and Property Cards show the structure was originally built as a 9 unit apartment building, and although current zoning permits only 3 units, the property is eligible for a Certificate of Non Conformity to restore its prior density. Any residential redevelopment must comply with FEMA regulations, which prohibit units below the Base Flood Elevation. Buyers will be responsible for securing all required approvals, including architectural plans and professional documentation needed for the application process. The owner, is a Licensed Real Estate Broker.

Property Facts

Price $400,000
Sale Type Investment
Sale Condition Redevelopment Project
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.07 AC
Building Size 6,372 SF
No. Stories 3
Year Built 1950
Opportunity Zone Yes
Zoning CBD - Central Business District
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
02-00136-0000-00034
Land Assessment
$75,000
Improvements Assessment
$310,000
Total Assessment
$385,000
  • Listing ID: 37600174

  • Date on Market: 9/9/2025

  • Last Updated:

  • Address: 15 S Gordons Aly, Atlantic City, NJ 08401

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