1638 Atlantic Ave, Atlantic City, NJ 08401

Property Description

This exceptional 6,600-square-foot, three-story property is a prime investment opportunity located on a bustling stretch of Atlantic Avenue in the center of Atlantic City. It offers significant income potential by blending commercial and residential rental prospects. The spacious 3,500-square-foot first-floor commercial area provides an ideal foundation for a high-revenue venture, such as a grocery store, dispensary, or other retail business. Additionally, the upper floors feature architecturally designed and fully approved plans for dedicated short-term rentals. These residential plans include four generous one-bedroom units on the second floor and one large two-bedroom unit on the third, totaling five units perfect for the short-term rental market. Because the complex approval process is already finished, only final permit fees stand between the investor and the start of construction. This allows for rapid development to capitalize on the steady flow of tourists, visitors, and convention traffic in Atlantic City. With its combination of substantial commercial space and five income-generating residential units, this property represents a rare chance to secure a diversified, high-yield asset in the heart of Atlantic City.