Commercial > Other
Active
01/28/2025
List Price
$599,000
325 Atlantic Ave
Atlantic City, NJ 08401
- -Bed
- 3Baths
- 2,405ft²Living Area
- 2,178ft²Lot Size
- -Pool
- -Car
- 1950Year Built
- 134DOM
- -Permit
325 Atlantic Ave, Atlantic City, NJ 08401 is a 3 bath, 2,405 ft² property built in 1950 on a 0.050 acre lot. This property is currently on the market for $599,000, and it was last sold in 2022 for $295,000.
MLS Description
The listing agent's description. Original Listing
**ATTENTION INVESTORS** Located at the Jersey Shore, in a prime area of Atlantic City we have a **FULLY RENOVATED** **FULLY OCCUPIED** mixed-use commercial property offering an excellent **TURNKEY** investment opportunity. The building features (4) well-maintained units, including (3) residential apartments and (1) leased commercial space on the first floor. Recent updates include a **BRAND NEW ROOF** and extensive renovations to **ALL MAJOR SYSTEMS** within the past two years, minimizing future maintenance costs. **APARTMENT 1** consists of 1-bedroom (plus a den) and 1-bath on the first floor, rented for $1,200/month on a month-to-month lease. **APARTMENT 2** is a 2-bedroom, 1-bath on the second floor, rented for $1,450/month on a yearly lease due for renewal October 2025. **APARTMENT 3** is a 2-bedroom, 1-bath on the third floor, rented for $1,400/month on a yearly lease that was just renewed February 2025. The **COMMERCIAL SPACE** is leased to a 24/7 take-out restaurant for $2,100/month on a 5-year lease (exp. April 2029), with a guaranteed 5% rent increase per year! With a **TOTAL GROSS INCOME OF $73,800** and a **NET OPERATING INCOME (NOI) OF $62,338**, this property presents a solid **9.97% CAP RATE** at the current asking price. The building’s operating expenses include taxes of $4,902/year, insurance at approximately $5,000/year, and sewer/water costs shared equally with the commercial tenant, totaling around $1,200/year for the owner. Additionally, electric and gas are separately metered for each unit, with tenants also responsible for heat and hot water. The property is strategically located in a high-traffic area of Atlantic City, just minutes from the iconic Atlantic City Boardwalk, world-class casinos, and entertainment venues. It’s an optimal location for long-term growth, with proximity to major highways and public transportation, making it a highly desirable area for both residential tenants and commercial ventures. With a thriving tourism industry and a growing demand for housing and retail in Atlantic City, this property represents a unique opportunity to own a fully-renovated, fully occupied, income-generating asset in one of New Jersey’s most dynamic markets. Contact us today to schedule a private showing or for more information!
Listing Agents
The listing agent for 325 Atlantic Ave is HADER RIVAS.
HR
HADER RIVAS
eXp Realty-Northfield
License: 0345922
Phone: (609) 992-6872
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2023$4,901.88From latest Total Assessed Value3.57%Total Assessed Value$137,500=Land+
Assessed Value$40,700Additions
Assessed Value$96,800
In 2023, taxes billed for 325 Atlantic Ave were $4,901.88, which is 3.57% from latest Total Assessed Value of $137,500.
Property History
325 Atlantic Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 325 Atlantic Ave
Hazard Risks
Hurricane175Carb Mono153Air Pollution117Ozone116Lead110Weather107Nat'l Avg100Particulates97Wind94Earthquake43Hail36Tornado25
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 325 Atlantic Ave.
Walkability Index
16 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
325 Atlantic Ave has a walkability score of 16 out of 20, which means that it is in a very walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
29°F
High
43°F
Summer
Average
Low
66°F
High
80°F
In the winter at 325 Atlantic Ave, temperatures range from 28.52°F to 43.22°F with an average of 35.87°F. In the summer, the temperature ranges from 65.73°F to 79.58°F with and average of 72.66°F.
School Information
Public/private schools serving 325 Atlantic Ave
Public Schools
Pennsylvania Avenue School
Grades: PK-8
0.23 mi
D
Atlantic City High School
Grades: 9-12
3.29 mi
D-
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 325 Atlantic Ave have ratings undefined, and undefined.
Neighborhood
This property is located in Uptown, Atlantic City, NJ 08401.
Seasonal Housing units 08401
41%of housing is for seasonal rent.
Daytime Population for 08401
+58%of people during work hours.
Crime Index for 08401
162
162
The crime index in 08401 is 162, which is 1.6 times higher than national average.
Market Trends
Historical market data near 325 Atlantic Ave over selected time period.
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