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1 S New York Ave
Atlantic City, NJ 08401

Office Property For Sale

Investment Highlights

  • Rare opportunity, value add building in the heart of Atlantic City and blocks from the beach, Tanger Outlets, the NJ Transit bus terminal, and the m
  • Adjacent to parking garage and parking lots
  • Could be converted to residential or kept as office with Retail on First Floor
  • In close proximity to AtlantiCare Health Plex, Renaissance Center (Save-A-Lot, Family Dollar, and many more), and Atlantic City Free Public Library

PROPERTY FACTS

Property Type
Office
Property Subtype
Office/Residential
Building Size
53,552 SF
Building Class
C
Year Built
1951
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
6,694 SF
Slab To Slab
10’
Building FAR
7.23
Lot Size
0.17 AC
Zoning
CBD

Amenities

  • Bus Line
  • Property Manager on Site
  • Signage

About 1 S New York Ave , Atlantic City, NJ 08401

+ Rare opportunity, value add building in the heart of Atlantic City and blocks from the beach, Tanger Outlets, the NJ Transit bus terminal, and the major casinos + Could be converted to residential or kept as office with Retail on First Floor + Adjacent to parking garage and parking lots + In close proximity to AtlantiCare Health Plex, Renaissance Center (Save-A-Lot, Family Dollar, and many more), and Atlantic City Free Public Library Atlantic City is currently undergoing revitalization throughout the city. There are many initiatives and development programs funded by different groups. At the moment, several governmental and private organizations are pitching in to encourage those looking to invest in Atlantic City and the surrounding area. The incentives are part of a larger strategy to invigorate growth, development and to further assist in the economic rejuvenation. The most notable recent developments in Atlantic City include, but are not limited to, Stockton University’s Atlantic City Campus, the new South Jersey Gas building, 600 NoBe (250 resort style apartment rentals complex), the reopening of Revel as Ocean Resort Casino, and the reopening of the former Trump Taj Mahal as the Hard Rock Hotel & Casino. Stockton University’s Atlantic City Campus Redevelopment Project is a wave of opportunity in Atlantic City. This will increase demand for new and redevelopment, to support the growing campus and, subsequently, the increased demand for residential housing, institutional and commercial facilities. Currently active projects in Atlantic City include the Stockton Aviation Research and Technology Park, Downtown Revitalization Plan, Atlantic City Gateway Project, and redevelopment of the Morris Guard Armory building as loft-style apartments.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-00146-0000-00001
Land Assessment
$350,000
Improvements Assessment
$650,000
Total Assessment
$1,000,000
  • Listing ID: 17447538

  • Date on Market: 10/14/2019

  • Last Updated:

  • Address: 1 S New York Ave, Atlantic City, NJ 08401

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