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1017 Arctic Ave
1017 Arctic Ave
1017 Arctic Ave
1017 Arctic Ave
1017 Arctic Ave
1017 Arctic Ave
1017 Arctic Ave
1017 Arctic Ave
1017 Arctic Ave
1017 Arctic Ave
1017 Arctic Ave
1017 Arctic Ave
1017 Arctic Ave
1017 Arctic Ave
1017 Arctic Ave
1017 Arctic Ave
1017 Arctic Ave
1017 Arctic Ave
1017 Arctic Ave
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$325,000

1017 Arctic Ave

Description

Incredible investment opportunity in a prime, up-and-coming corridor near the Hard Rock Casino and major redevelopment zones. This 3-story mixed-use brick building offers a total of 2,050 sq ft and is zoned Commercial (Land Use - State) and sits on a 15 ft x 62 ft lot (0.0214 acres). The property features a diverse income-producing layout: a vacant 700 sq ft commercial storefront with a new tenant coming soon (Dominican Restaurant) on the first floor and two residential apartments, both 1 bedroom and 1 bathroom, on the second and third floors. One of the apartments is currently rented for $1,300 per month, and the other one will be vacant in December and ready for a new tenant. The building includes central heating and cooling, features one brand-new bathroom and one updated bathroom, and is situated close to future job growth and infrastructure improvements. Perfect for investors seeking cash flow, owner-occupants looking to offset costs with rental income, or business owners wanting to live and work on-site. At $325,000, this mixed-use asset is priced to sell quickly and presents a rare opportunity to own a multi-revenue stream property in a high-potential location.

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Location

1017 Arctic Ave, Atlantic City, NJ 08401

Status

For Sale
Daniel  Rallo

Daniel Rallo

TITLE

Broker Associate

Property Amenities

Area & Lot
MLS® ID 602253
Year Built 1930
Type Multi-Family
Status For Sale
Exterior
Heat type Gas-Natural, Multi-Zoned
Water Source Public
Sewer Public Sewer
Parking None
Utilities Electric, Gas
Finance
Sales Price $325,000
Real Estate Tax $4,293 yearly
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Thank you for your interest in 1017 Arctic Ave, Atlantic City, NJ 08401. We are reviewing your request and will be in touch shortly!

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Work With Daniel

Daniel's mission is simple is to put people before profit, lead with integrity, and help homeowners and investors maximize their potential. Whether you’re buying, selling, investing, or just love real estate, Daniel is your go-to resource for expert advice and authentic insight.