For Sale Absecon, Atlantic City, NJ, 08201

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 .

INVESTOR ALERT- Turn Key Cash Flowing Commercial Mixed Use property ! 4,602.00 approx sq.ft mix use building with a store front and 2 apartments . All units separate gas and electric . First Floor is a Commercial storefront with private bathrooms. The commercial space is approximately 2,200 square feet. Apartment 1 has Three bedrooms. Apartment 2 is renovated/remodeled Two bedroom with Den/extra sleeping area is located in the heart of it all !!! Den is located on the lower level of this two story unit . Plus very large private deck off the kitchen . New Kitchen ,Flooring ,lighting, doors plus all new trim. Freshly painted Close to the Atlantic City Hospital ,Casinos , beach and boardwalk. Convenient location for Casino or Hospital workers!!! Annual NOI of $50,250.00 cap rate of at 10% $502,500. 9% $558,333. 8% $628,125.Rental Income rent : Storefront $2,500.00 or $30,000.00 per year , Second floor $1,650.00 or $19,800.00 per year . Third floor $1,650.00 or $19,800 per year . annual income of $69,600.00 .Water & Sewer $1,100.00 per year.

INVESTOR ALERT- Turn Key Cash Flowing Commercial Mixed Use property ! 4,602.00 approx sq.ft building with a store front and 2 apartments . All units separate gas and electric . First Floor is a Commercial storefront with private bathrooms. The commercial space is approximately 2,200 square feet. Apartment 1 has Three bedrooms. Apartment 2 is renovated/remodeled Two bedroom with Den/extra sleeping area is located in the heart of it all !!! Den is located on the lower level of this two story unit . Plus very large private deck off the kitchen . New Kitchen ,Flooring ,lighting, doors plus all new trim. Freshly painted Close to the Atlantic City Hospital ,Casinos , beach and boardwalk. Convenient location for Casino or Hospital workers!!! Annual NOI of $50,250.00 cap rate of at 10% $502,500. 9% $558,333 8% $628,125 Rental income: Storefront $2,500.00 or $30,000.00 . per year , Second floor $1,650.00 or $19,800.00 per year . Third floor $1,650.00 or $19,800.00 per year . annual income of $69,600,00 .Water & Sewer $1,100.00 per year