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4100 Ventnor Ave 5,032 SF 100% Leased Retail Building Atlantic City, NJ 08401 $799,000 ($158.78/SF)
INVESTMENT HIGHLIGHTS
- Corner Property
- 2 Blocks from beach
- Up and coming area, high foot traffic.
- Close to Stockton University
- Excellent location in Lower Chelsea.
- 2 Balcony's and 2 Fire Places.
EXECUTIVE SUMMARY
Beautiful corner property in Lower Chelsea neighborhood of Atlantic City close to Stockton University and only 1 block from the beach. Currently has two commercial storefronts that are rented and potential to convert the upper two levels into two 3 bedroom apts, each with its own fireplace and private deck. This will take some work to convert but has the potential to bring in an additional 5,000 per month in revenue. This could be a year round rental or Air BnB weekly rental with such close proximity to the beach and boardwalk.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,032 SF
Building Class
C
Year Built
1930
Price
$799,000
Price Per SF
$158.78
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.93
Lot Size
0.06 AC
Zoning
NC-1
Frontage
32’ on Ventnor Ave
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Bubble Salon
- Services
- -
- -
- -
- Minos Bakery
- Manufacturing
- -
- -
- -
- Seeler-smith & Associates
- Professional, Scientific, and Technical Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Bubble Salon | Services | - | - | - | ||
| Minos Bakery | Manufacturing | - | - | - | ||
| Seeler-smith & Associates | Professional, Scientific, and Technical Services | - | - | - |
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-00200-0000-00001 | Improvements Assessment | $286,000 |
| Land Assessment | $64,000 | Total Assessment | $350,000 |
PROPERTY TAXES
Parcel Number
02-00200-0000-00001
Land Assessment
$64,000
Improvements Assessment
$286,000
Total Assessment
$350,000
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Presented by
Murray & Associates
4100 Ventnor Ave
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