opportunity zone building for sale 1 s. new york …...tanger outlets, the nj transit bus terminal,...

ALAN SUSSMANDirector of Investment SalesT: 856.454.7735C: 856.321.1700E: [email protected]

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LEOR HEMOManaging PrincipalT: 856.797.1919 x100 C: 215.514.1750E: [email protected]

CORINNE GILETTOAdvisorT: 856.797.1919 x107C: 856.287.2886E: [email protected]

ARAN PLOSHANSKYAdvisorT: 856.797.1919 x106C: 609.941.9000E: [email protected]

OPPORTUNITY ZONE BUILDING FOR SALE1 S. NEW YORK AVENUE, ATLANTIC CITY, NJ 08401

+/- 53,687 SF VALUE ADD BUILDING

1 MILE3 MILE5 MILE

15 MIN. DRIVE

2019 DEMOGRAPHICS

Total Population:% College Degree:Total Businesses:Employees:

15%18,095

10%1,33840,161

2,25663,969

2,88168,433

13%45,129 60,623

1 MILE 3 MILE 5 MILEPOPULATION

Avg HH Income:Avg Houseing Unit Value: $213,659

$36,372 $50,960 $61,718$287,194 $360,789

1 MILE 3 MILE 5 MILEHOUSEHOLDS/INCOME

1 S. NEW YORK AVENUE









Property/Area 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

Size/SF Available:

Asking Sale Price:

Signage:

Parking:

+/-53,687 SF

$2,000,000

Directory Sign inside building

Adjacent parking garage and parking lots

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 in-vest in Atlantic City and the surrounding area. Theincentives are part of a larger strategy to invigorate growth, de-velopment 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 Redevelop-ment 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 in-creased demand for residential housing, institutional and commercial facilities.

Currently active projects in Atlantic City include the Stock-ton Aviation Research and Technology Park, Downtown Revitalization Plan, Atlantic City Gateway Proj-ect, and redevelopment of the Morris Guard Armory build-ing as loft-style apartments.









Tanger Outlets

... and so much more!1 S. NEW YORK AVE

ATLANTIC AVE

S. NE

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AV

EBALTIC AVE

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opportunity zone building for sale 1 s. new york …...tanger outlets, the nj transit bus terminal,...

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