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1 S. New York Avenue, Atlantic City, NJ 08401

$ 2,000,000
1 S. New York Avenue,
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Opportunity zone building for Sale at 1 S. New York Avenue, Atlantic City, NJ 08401

 

Size/SF Available:

+/- 44,000 SF

Asking Sale Price:

$2,000,000

Signage:

Directory Sign inside building

Parking:

Adjacent parking garage and parking lots

 

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 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

 

Opportunities and Developments Occurring in Atlantic City

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.

 

DOWNLOAD PROPERTY BROCHURE
Documents
Address: 1 S. New York Avenue
State/County:
Zip: 08401
Country: United States
Property Id : 20937
Price: $ 2,000,000
Property Size: 53,687 ft2
Parking
Public Transportation

Listing Agents

Leor Hemo

Leor Hemo

Founder and Managing Principal
(856) 797-1919
(215) 514-1750
leor.hemo@vantageres.com
alan sussman

Alan Sussman

Director of Investment Sales
(856) 797-1919
(856) 321-1700
alan.sussman@vantageres.com
Aran Ploshansky

Aran Ploshansky

Advisor
(856) 797-1919
(609) 941-9000
aran.ploshansky@vantageres.com
Corinne Giletto

Corinne Giletto

Advisor
(856) 797-1919
(856) 287-2886
corinne.giletto@vantageres.com
Vantage RES

Vantage RES

Commercial Real Estate Brokerage
(856) 797-1919
info@vantageres.com

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