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2718-2720 Atlantic Ave 18,845 SF Vacant Office Building Atlantic City, NJ 08401 $750,000 ($39.80/SF)
Investment Highlights
- Prime Residential Multifamily Conversion
- Parking for 15-20 Vehicles!
- Located Across From Public Safety Building Police Department
- Brand new HVAC
Executive Summary
Great opportunity has come to the AC market! 2718-2720 Atlantic Avenue which is a three story commercial space office building located in the Opportunity Zone, boasting a little over 18,800 gross square feet along with a parking lot for 15-20 vehicles on South California Avenue. The property has a newer roof, brand new HVAC systems installed summer of 2025, elevator service to all floors, two stairwells and is currently vacant. This is a rare opportunity for a possible residential apartment conversion due to the size, parking and zoning/redevelopment. The building's efficient floorplate depth, elevator service and vertical circulation core support a double-loaded corridor layout, allowing for a possible16-22 unit multifamily conversion. Plenty of possibilities here, super easy to view the property!!
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
18,845 SF
Building Class
C
Year Built
1960
Price
$750,000
Price Per SF
$39.80
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,700 SF
Slab To Slab
15’
Building FAR
1.07
Lot Size
0.41 AC
Opportunity Zone
Yes
Zoning
NC-2 - CRDA-Commercial Opportunity Zone
Parking
20 Spaces (1.06 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Wheelchair Accessible
- Reception
- Storage Space
- Smoke Detector
1 1
Exceptionally walkable
90/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 02-00174-0000-00002 | Improvements Assessment | $413,900 |
| Land Assessment | $171,900 | Total Assessment | $585,800 |
Property Taxes
Parcel Number
02-00174-0000-00002
Land Assessment
$171,900
Improvements Assessment
$413,900
Total Assessment
$585,800
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2718-2720 Atlantic Ave
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