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1624 Pacific Ave
Atlantic City, NJ 08401
Office Property For Sale
Investment Highlights
- Prime location with direct access in and out of town
- 2 blocks from AtlantiCare Regional Medical Center
- 1 block to the beach and boardwalk
- Located on the perimeter of the Orange Loop Redevelopment District
Executive Summary
1624 Pacific Avenue is a three-story ±7,000 SF mixed-use building located in a Redevelopment and Opportunity Zone. The ground floor is fully approved for a Class 5 retail cannabis dispensary, offering a rare opportunity in a rapidly developing area (Cannabis License can be purchased in addition to the real estate). Second and third floors were historically residential though currently inactive. All approvals and due diligence are the responsibility of the buyer. Major new construction and redevelopment projects currently underway in the immedate area. Rate Parking available nearby.
Property Facts
Sale Type
Investment NNN
Sale Condition
Deferred Maintenance
Property Type
Building Size
6,968 SF
Building Class
C
Year Built
1920
Price
$499,000
Price Per SF
$71.61
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,322 SF
Building FAR
2.67
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
RS-C - Resort Commercial District
Amenities
- Bus Line
- Security System
- Signage
- Reception
- Storage Space
- DDA Compliant
- Air Conditioning
Property Taxes
| Parcel Number | 02-00048-01-00002 | Improvements Assessment | $180,000 |
| Land Assessment | $60,000 | Total Assessment | $240,000 |
Property Taxes
Parcel Number
02-00048-01-00002
Land Assessment
$60,000
Improvements Assessment
$180,000
Total Assessment
$240,000
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