Cannabis APPROVED
24,500 SF | Retail Building | Atlantic City, NJ 08401 | $2,310,000 ($94/SF) | 12% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,310,000
- Property Type
-
Retail
- Square Feet
- 24,500 SF
- Price / Square Foot
- $94
Listing Contacts
Marc Singer
Verified Profile
- Property Info
Property Overview
### Commercial Property Listing
**Prime Commercial Building on Atlantic Avenue, Atlantic City, NJ**
**Location:** 1314 Atlantic Avenue, Atlantic City, NJ
**Type:** Commercial Building
**Total Size:** Approximately 25,000 sq. ft.
**Description:**
Welcome to a prime commercial opportunity in the heart of Atlantic City, New Jersey! This exceptional building is situated on the bustling Atlantic Avenue, directly across from the county and city municipal buildings, providing unparalleled visibility and foot traffic.
**Features:**
- **Cannabis Investment Opportunity:** The property has cannabis approvals already in place, making it an excellent investment for those in the cannabis industry. This significantly reduces the time and complexity associated with obtaining permits, allowing you to start your business operations sooner.
- **Retail Space:** The property boasts four retail stores at the front, each offering an excellent location for shopping. These stores benefit from high pedestrian traffic and are perfect for a variety of retail businesses.
- **Warehouse:** The rear of the building features a large warehouse that was previously an old theater. This versatile space can be repurposed to suit your business needs, providing ample storage or potential for creative commercial uses.
- **Office Space:** With approximately 7,000 square feet of potential office space, this property offers a range of possibilities for businesses seeking a prime location. The spacious layout is ideal for creating a customized office environment that meets your specific requirements.
**Advantages of Atlantic City:**
Atlantic City is renowned for its vibrant atmosphere, bustling boardwalk, and rich history. The city is a hub for tourism, entertainment, and business, attracting millions of visitors each year. Its strategic location offers excellent connectivity to major highways and public transportation, making it a convenient choice for both customers and employees.
Investing in this property means positioning your business in a dynamic and growing market. Atlantic City's revitalization efforts and ongoing developments promise a bright future for commercial ventures.
Don't miss out on this unique opportunity to own a piece of Atlantic City's commercial landscape. Contact us today to schedule a viewing and explore the endless possibilities this property has to offer.
**Contact Information:**
Marc Singer / Mike Hollander
APC Real Estate
609-363-5000
856 723 3585
[email protected]
[email protected]
Discover the potential of Atlantic Avenue and secure your business's future in one of New Jersey's most iconic cities!
Investment Highlights
**Investment Highlights:**
- **Cannabis Approvals:** Already in place, saving you significant time and resources in obtaining necessary permits for cannabis-related businesses.
- **Large Square Footage:** Approximately 25,000 square feet of versatile space, including retail stores, a warehouse, and potential office areas.
- **Prime Location:** Situated on Atlantic Avenue, directly across from municipal buildings, ensuring high visibility and foot traffic.
- **Versatile Usage:** The large warehouse space, previously an old theater, offers unique opportunities for creative commercial uses or large-scale operations.
- **Economic Growth:** Atlantic City's ongoing revitalization efforts and development projects promise a prosperous future for commercial ventures.
**Prime Commercial Building on Atlantic Avenue, Atlantic City, NJ**
**Location:** 1314 Atlantic Avenue, Atlantic City, NJ
**Type:** Commercial Building
**Total Size:** Approximately 25,000 sq. ft.
**Description:**
Welcome to a prime commercial opportunity in the heart of Atlantic City, New Jersey! This exceptional building is situated on the bustling Atlantic Avenue, directly across from the county and city municipal buildings, providing unparalleled visibility and foot traffic.
**Features:**
- **Cannabis Investment Opportunity:** The property has cannabis approvals already in place, making it an excellent investment for those in the cannabis industry. This significantly reduces the time and complexity associated with obtaining permits, allowing you to start your business operations sooner.
- **Retail Space:** The property boasts four retail stores at the front, each offering an excellent location for shopping. These stores benefit from high pedestrian traffic and are perfect for a variety of retail businesses.
- **Warehouse:** The rear of the building features a large warehouse that was previously an old theater. This versatile space can be repurposed to suit your business needs, providing ample storage or potential for creative commercial uses.
- **Office Space:** With approximately 7,000 square feet of potential office space, this property offers a range of possibilities for businesses seeking a prime location. The spacious layout is ideal for creating a customized office environment that meets your specific requirements.
**Advantages of Atlantic City:**
Atlantic City is renowned for its vibrant atmosphere, bustling boardwalk, and rich history. The city is a hub for tourism, entertainment, and business, attracting millions of visitors each year. Its strategic location offers excellent connectivity to major highways and public transportation, making it a convenient choice for both customers and employees.
Investing in this property means positioning your business in a dynamic and growing market. Atlantic City's revitalization efforts and ongoing developments promise a bright future for commercial ventures.
Don't miss out on this unique opportunity to own a piece of Atlantic City's commercial landscape. Contact us today to schedule a viewing and explore the endless possibilities this property has to offer.
**Contact Information:**
Marc Singer / Mike Hollander
APC Real Estate
609-363-5000
856 723 3585
[email protected]
[email protected]
Discover the potential of Atlantic Avenue and secure your business's future in one of New Jersey's most iconic cities!
Investment Highlights
**Investment Highlights:**
- **Cannabis Approvals:** Already in place, saving you significant time and resources in obtaining necessary permits for cannabis-related businesses.
- **Large Square Footage:** Approximately 25,000 square feet of versatile space, including retail stores, a warehouse, and potential office areas.
- **Prime Location:** Situated on Atlantic Avenue, directly across from municipal buildings, ensuring high visibility and foot traffic.
- **Versatile Usage:** The large warehouse space, previously an old theater, offers unique opportunities for creative commercial uses or large-scale operations.
- **Economic Growth:** Atlantic City's ongoing revitalization efforts and development projects promise a prosperous future for commercial ventures.
Property Details
- Class
- C
- Year Built/Renovated
- 1940/1980
- Stories
- 3
- Property Subtype
- Storefront Retail/Office, Manufacturing, Warehouse, Distribution
- Lot Size (sq. ft)
- 10,454 SF
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].