Vantage Commercial Announces Successful Sale of 9219 Atlantic Avenue, Margate City, NJ to Save Lucy Committee, Inc. for Lucy the Elephant Visitor Center & Retail Shop

Vantage Commercial, a leading commercial real estate firm based in Cherry Hill, NJ, is pleased to announce the successful sale of 9219 Atlantic Ave, Margate City, NJ. The property, located in one of New Jersey’s most sought-after beach communities, was acquired by the Save Lucy Committee, Inc. for a unique and exciting purpose — to house the Visitor Center and Retail Shop for Lucy the Elephant.

Lucy The Elephant is a well-known and beloved local attraction that draws over 40,000 visitors annually, making it a prominent landmark in the area. The Save Lucy Committee, Inc. plans to use the acquired property to further enhance the visitor experience, offering a new space for educational exhibits, souvenirs, and a deeper connection to the history and significance of the iconic elephant.

Ken Richardson, Vice President/Partner, and Emily Stein, Managing Director, of Vantage Commercial represented both the buyer and seller in the transaction, leveraging their extensive experience and in-depth knowledge of the local market to ensure a smooth and successful deal.

Ken Richardson, Vice President/Partner at Vantage Commercial, said, “We are pleased we could execute the sale for the owner within five months from the listing date. This was ideal as it was the off-season for the shore community.” He added, “The Save Lucy Committee’s vision for the property will greatly enhance the experience for visitors and help preserve the legacy of Lucy the Elephant. This project is a great addition to the Margate City community.”

The property’s prime location on Atlantic Avenue offers excellent visibility and accessibility, making it an ideal site for the new visitor center and retail shop. This sale represents another milestone for Vantage Commercial as they continue to deliver exceptional results for clients and contribute to the growth of the South Jersey region.