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Commercial > Other
Active
05/08/2025
List Price
$998,000$112/ft²

2925 Atlantic Ave
Atlantic City, NJ 08401

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  • 2925 Atlantic Ave, Atlantic City, NJ 08401 is a 8,942 ft² property built in 1930 on a 0.097 acre lot. This property is currently listed for $998,000, and it was last sold in 2011 for $550,000.

    MLS Description

    The listing agent's description. Original Listing

    It is an honor to announce a mixed used building in Atlantic City, New Jersey just post to market, which is located in a busy shopping center, adjacent to casinos and commercial buildings. The land area is 4238 sq ft, and the building’s area is 8942 sq ft. It contains a total of 7 units, two retail stores on the ground floor, the leases will end in 2029 and 2031, 3% rent increase per year, tenants pay 1/7 of the water bill each; 5 residential units sign lease annually, Apt#1,Apt#2 on the 2nd floor, Apt#3, Apt#4 on 3Rd floor, all of them are 3 beds and 2 bath on each, Apt#5 is 1bed and1 bath on the rear of 1st floor. hot water and heating have been separated, tenants pay for their own utilities. the gross income is $129,660, expenses is about $32,000. The building is well maintenance, easy handling with stable growth income, 8.5% cap rate. it is a great opportunity for investors, the motivated seller is ready to hear all offers.

    Listing Agents

    The listing agent for 2925 Atlantic Ave is Benson Huang.

    Current Ownership

    Information about the current owner(s).

    Property History

    2925 Atlantic Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 2925 Atlantic Ave

    School Information

    Public/private schools serving 2925 Atlantic Ave

    Neighborhood

    This property is located in Chelsea, Atlantic City, NJ 08401.

    Market Trends

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    Copyright © 2025 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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