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202 Texas Ave - OCEAN Inc 9,006 SF Specialty Building Offered at $850,000 at a 7.41% Cap Rate in Atlantic City, NJ 08401
INVESTMENT HIGHLIGHTS
- Central location, across the street from a park and near public transportation
- Off street parking
- Turn Key
EXECUTIVE SUMMARY
Solid 9006 sf commercial building, close to highways, public transportation and directly across the street from McCabe Memorial Park. Originally built for a school and currently owned operated by a local non-profit. The second floor features large open rooms and bathrooms. The first floor has multiple points of egress, a lobby, admin space, storage, bathrooms, and additional offices. ADA compliant, with eight off street parking spots.
A rare opportunity to own and operate your business or invest in a key location within this vibrant community.
A rare opportunity to own and operate your business or invest in a key location within this vibrant community.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$12,295
|
$1.37
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,295
|
$1.37
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes | |
|---|---|
| Annual | $12,295 |
| Annual Per SF | $1.37 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $12,295 |
| Annual Per SF | $1.37 |
PROPERTY FACTS
| Price | $850,000 | Property Subtype | School |
| Price Per SF | $94.38 | Building Class | B |
| Sale Type | Investment or Owner User | Building Size | 9,006 SF |
| Cap Rate | 7.41% | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1920 |
| Zoning | NC-1 - Class: 4A Commercial | ||
| Price | $850,000 |
| Price Per SF | $94.38 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.41% |
| Property Type | Specialty |
| Property Subtype | School |
| Building Class | B |
| Building Size | 9,006 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Zoning | NC-1 - Class: 4A Commercial |
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Walk Score®
Very Walkable (88)
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202 Texas Ave - OCEAN Inc
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