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Commercial > Other
Active
3 weeks ago
List Price
$1,799,000

3201 Atlantic Ave
Atlantic City, NJ 08401

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  • Malobo BannerMalobo Banner Square
    3201 Atlantic Ave, Atlantic City, NJ 08401 is a 9,617 ft² property built in 1920 on a 0.109 acre lot. This property is currently for sale for $1,799,000, and it was last sold in 2022 for $970,000.

    MLS Description

    The listing agent's description. Original Listing

    Prime High-Visibility Mixed-Use Corner Property – 90% Occupied – 12 Units Total This exceptional investment opportunity is located in the heart of Atlantic City at the highly visible corner of Atlantic Avenue and N Montpelier Avenue—just two blocks from the boardwalk and within the University District near Stockton University. The fully occupied building features 12 total units, consisting of 10 residential apartments and 2 commercial spaces. The ground floor includes two commercial units. The front unit is approx 1835 sqft offers a spacious layout with seven rooms, including a large conference room, an open waiting area, a kitchen/break area, three private offices, and a half bathroom and occupied by a long standing tenant. The second commercial unit is approx 1000 sqft currently leased to a medical practice and includes a welcoming reception area, four examination rooms, and a generous half bathroom. The second and third floors are home to the residential apartments, which include two two-bedroom units, six one-bedroom units, and two studios. Each apartment has one full bathroom, separate electric meters, and its own air conditioning unit. The units are all electric and tenants are responsible for the cost. The building is also equipped with an elevator and a coin operated shared laundry room on the ground level. A brand-new roof was installed in 2023, and the property has been well maintained throughout. Included in the sale is Lot 14 (2 N Montpelier Ave), which is directly behind the building and serves as a private parking lot for commercial tenants. The main building is located within the CRDA District, while the rear lot is governed by Atlantic City zoning. This is a turn-key, income-producing property in a rapidly developing area, making it a strong addition to any real estate portfolio. The property is sold in as is where is condition and the buyer is responsible for all municipal certificates. Accompanied showings with appointment only.

    Listing Agents

    The listing agent for 3201 Atlantic Ave is MARY LOU FERRY WIMMER.

    Current Ownership

    Information about the current owner(s).

    Property History

    3201 Atlantic Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

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    School Information

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    Neighborhood

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

    Market Trends

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    Copyright © 2025 South Jersey Shore Regional MLS. 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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