1638 Atlantic Ave, Atlantic City, NJ 08401

Property Description

This is an exceptional 6,600-square-foot, three-story investment opportunity situated on a prime stretch of Atlantic Avenue in the heart of Atlantic City. The property offers tremendous income potential through a combination of commercial and residential rental opportunities. The expansive 3,500-square-foot first-floor commercial space provides an ideal footprint for a high-revenue business, such as a dispensary, grocery store, or other retail concept. The upper floors have been architecturally designed and fully approved for a dedicated short-term rental operation. The approved residential plans include four spacious one-bedroom units on the second floor and a large two-bedroom unit on the third floor, creating a total of five residential units ideally suited for the short-term rental market. The complex approval process has been completed, with only the final permit fees remaining before construction can begin. This allows an investor to move quickly toward development and capitalize on Atlantic City's consistent demand from tourists, visitors, and convention traffic. With a substantial commercial space and five income-producing residential units, this property presents a rare opportunity to create a diversified, high-yield investment in the heart of Atlantic City.