Cannabis APPROVED | 1314-1322 Atlantic Ave
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Cannabis APPROVED 1314-1322 Atlantic Ave
24,500 SF Retail Building Atlantic City, NJ 08401 £1,843,034 (£75/SF) 12% Net Initial Yield
Executive Summary
### 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
Mike@nationalmax.com
Marc@nationalmax.comm
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
Mike@nationalmax.com
Marc@nationalmax.comm
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 Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
24,500 SF
Building Class
C
Year Built/Renovated
1940/1980
Price
£1,843,034
Price Per SF
£75
Net Initial Yield
12%
NOI
£221,164
Tenancy
Single
Number of Floors
3
Building FAR
2.33
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
CBD - Green Zone Overlay
Frontage
48 ft on Atlantic Ave
Walk Score ®
Walker's Paradise (92)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 02-00145-0000-00007 | Improvements Assessment | £149,996 |
Land Assessment | £189,090 | Total Assessment | £339,086 |
PROPERTY TAXES
Parcel Number
02-00145-0000-00007
Land Assessment
£189,090
Improvements Assessment
£149,996
Total Assessment
£339,086
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Cannabis APPROVED | 1314-1322 Atlantic Ave
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