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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 Under Contract
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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