For Sale 1637 Atlantic Avenue, Atlantic City, NJ, 08401

10.6% CAP RATE!! INVESTOR ALERT - Turnkey Cash Flowing Commercial Mixed Use property! Located next to the new development site of a 125,000 Square foot agricultural museum. This Mix-use property consists of approximately 4,602 sq.ft. with a store front and 2 apartments. All units have separate gas and electric. First Floor is a Commercial storefront with 2 private bathrooms. The commercial space is approximately 2,200 square feet. Apartment 1 has Three bedrooms with newly painted walls and carpet with a large private back deck. Apartment 2 is a two-level fully renovated/remodeled Two bedroom with Den/extra sleeping area. Also comes with a very large private deck off the kitchen. New Kitchen, Flooring, lighting, paint, doors, and all new trim. Located in the heart of it all!!! Close to the Atlantic City Hospital, Casinos, beach and boardwalk. Convenient location for Casino or Hospital workers!!! Annual NOI of $50,250 putting this listing at a 10.6% cap rate!! Rental Income: Storefront $2,500 or $30,000 per year with annual rent increase on a 10-year lease; Apartment One $1,650 or $19,800 per year; Apartment two $1,650 or $19,800 per year. Total annual income of $69,600. Annual Expenses: Water & Sewer $1,100.00 per year; Insurance $4,500 per year; Property Tax $8,750; Misc $5,000 per year.

7,433 sq ft building located on a busy corner location of Atlantic Avenue and Martin Luther King Blvd !!! Potential is endless for a business location with such high exposure . Building has two additional floors which need complete rehab to turn back into apartments or another use that the city would approve . Currently is a Thrift store .This building is a piece of the old time Atlantic City , was once the Paddock Club . Being sold AS IS .

Great investment opportunity to own a double sided billboard on a high traffic highway! Located on the White Horse Pike right after Pleasantville and Absecon traffic merges onto the pike heading towards Atlantic City. The Billboard targets tourist and locals on their way to Ocean Casino, Hard Rock, Water Park and many more attractions. This is an excellent way to advertise while collecting rent from the second billboard at the same time! Make an offer and start advertising your business today!