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3816 Ventnor Ave
Atlantic City, NJ 08401
Retail Property For Sale
Investment Highlights
- Lots of daytime foot traffics.
- Residential units recently renovated in 2024.
- Great location, close to beach, Bay, and local university.
Executive Summary
3816 Ventnor Avenue is a mixed-use triplex investment property located in Atlantic City's Lower Chelsea neighborhood. The property consists of a ground-floor retail space occupied by a pizza shop under a Triple Net (NNN) lease and two residential apartments on the upper floors. The second-floor apartment is leased at approximately $1,500 per month, while the renovated third-floor three-bedroom unit is vacant with projected rental income of approximately $2,100 per month. When fully occupied, ownership projects annual gross rental income exceeding $70,000, approx 10% pro-forma. The 4,200-square-foot brick building was originally constructed in 1925 and is situated near Stockton University, the beach, Boardwalk, casinos, shopping, restaurants, and public transportation. The property was marketed as an income-producing investment with stable retail income and additional upside through residential leasing.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,527 SF
Building Class
C
Year Built
1925
Price
$549,900
Price Per SF
$155.91
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
9’
Building FAR
2.02
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
NC-1
Frontage
20’ on Ventnor Ave
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 02-00190-0000-00003 | Improvements Assessment | $233,900 |
| Land Assessment | $44,400 | Total Assessment | $278,300 |
Property Taxes
Parcel Number
02-00190-0000-00003
Land Assessment
$44,400
Improvements Assessment
$233,900
Total Assessment
$278,300
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