For Sale 110 Vermont, Atlantic City, NJ, 08401

This is a rare and exceptional business opportunity located in a high-traffic area on Atlantic Avenue, offering over 10,000 square feet of versatile space. Previously configured as 8 individual stores, the property has been seamlessly converted into one large, open warehouse-style layout, ideal for a variety of business uses. The lot itself spans nearly 14,000 square feet, providing ample room for expansion or additional business needs. One of the standout features of this property is the 40 parking spaces, making it one of the few properties on Atlantic Avenue with such a significant parking capacity, offering both convenience for customers and employees. This location is perfect for businesses such as retail, wholesale, service-oriented enterprises, or even as a corporate headquarters. Its combination of high visibility, ample space, and rare parking availability makes this property a prime choice for any business looking to establish itself in a thriving area. Don\'t miss out on this tremendous opportunity to secure a highly sought-after property with room for growth.

Here is a great opportunity to own a renovated multi-dwelling in an amazing location in Atlantic City. The property has a commercial space on the ground level and one rented studio apartment with a reliable tenant who pays $1150 per month. Additionally, the 2nd and 3rd floors have two fully renovated apartments with brand new bathrooms, kitchens, and appliances. The 2nd-floor unit is currently rented for $1650 per month, while the 3rd-floor unit is rented for $1500, a month-to-month lease, and available for showing with an appointment. The location is superb, with easy access to dining, shopping, and cultural centers, providing all necessary amenities within reach. It\'s just a block away from the famous casinos and beaches of Atlantic City. The whole building has views of the Absecon Lighthouse, the Ocean Casino, Hardrock, And Showboat, with a new Waterpark.

**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!