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$1,400,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 597860
Style Comm. w/Apartments,Restaurant
Annual Tax Amount $15,462
Tax Year 2024
Property Description
Versatile Mixed-Use Commercial Property with Income and Expansion Potential! This unique building features a total of 5 storefronts, including two combined units previously used as a bar, offering a prime opportunity for a new hospitality or retail venture. Three additional storefronts include two vacant spaces ready for occupancy and a fully leased barber shop generating $1,400/month. Bonus attached rear warehouse offers ideal space for storage, workshop, or automotive use. The second floor boasts three fully renovated apartments, featuring all-new kitchens, flooring, bathrooms, and windows. Two 2-bedroom units are leased at $1,550 and $1,400 yearly, while a 3-bedroom unit is currently being completed. This property offers strong income with room to grow, ideal for investors or owner-operators looking to capitalize on a multi-use space with high upside. Endless potential in a strategic location!
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details See Remarks
Building
Sewer Public Sewer
Water Public
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Listed by BHHS FOX and ROACH-Margate