NJ
ATLANTIC
ATLANTIC CITY
08401
3201 ATLANTIC AVENUE
3201 ATLANTIC AVENUE, ATLANTIC CITY, NJ 08401
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Listing Type
Commercial/Industrial
Listing Status
Active
25
$1,599,000

Home Details for 3201 ATLANTIC AVENUE

Price
$1,599,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1920
County
ATLANTIC
Garage
Days on site
182
MLS Listing#
NJAC2019664
Property Description

Prime High-Visibility Mixed-Use Corner Property – 90% Occupied – 12 Units Total This exceptional investment opportunity is located in the heart of Atlantic City at the highly visible corner of Atlantic Avenue and N Montpelier Avenue—just two blocks from the boardwalk and within the University District near Stockton University. The fully occupied building features 12 total units, consisting of 10 residential apartments and 2 commercial spaces. The ground floor includes two commercial units. The front unit is approx 1835 sqft offers a spacious layout with seven rooms, including a large conference room, an open waiting area, a kitchen/break area, three private offices, and a half bathroom and occupied by a long standing tenant. The second commercial unit is approx 1000 sqft currently leased to a medical practice and includes a welcoming reception area, four examination rooms, and a generous half bathroom. The second and third floors are home to the residential apartments, which include two two-bedroom units, six one-bedroom units, and two studios. Each apartment has one full bathroom, separate electric meters, and its own air conditioning unit. The units are all electric and tenants are responsible for the cost. The building is also equipped with an elevator. A brand-new roof was installed in 2023, and the property has been well maintained throughout. Included in the sale is Lot 14 (2 N Montpelier Ave), which is directly behind the building and serves as a private parking lot for commercial tenants. The main building is located within the CRDA District, while the rear lot is governed by Atlantic City zoning. This is a turn-key, income-producing property in a rapidly developing area, making it a strong addition to any real estate portfolio. The property is sold in as is where is condition and the buyer is responsible for all municipal certificates. Accompanied showings with appointment only.

Property Features
  • Cooling Information
    • Wall Unit(s)
    • Electric
  • Parking
    • On Street
    • Parking Lot
  • Heating Information
    • Electric
  • Water Features
    • Public
Listing Courtesy: Farley & Ferry Realty Inc - 609-822-1836
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Last Updated: 2025-11-29 14:31:04
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EXIT REALTY JERSEY SHORE
2029 Route 37 East, Toms River, NJ 08753
Rosemarie McGeehan
License #: 0679931
Associate Broker
Office
732 573 1550
Agent
732 740 9519
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