Ad #7678014
MLS #22612953
Prime investment opportunity in the heart of Atlantic City!
2722 Atlantic Ave, Atlantic City, NJ 08405
$3,800,000
--Beds
--Baths
37,673Sqft
0.25Acres
About this property
Prime investment opportunity in the heart of Atlantic City! Located at the corner of Atlantic and South Iowa Avenues , this 38-unit mixed-use elevator building sits immediately adjacent to the Tropicana Atlantic City, capturing incredible foot traffic. The 37,673 SF property features 32 residential units and 6 ground-floor retail storefronts. It currently generates a strong 8.60% cap rate on as-is NOI, with a clear path to a 9.55% pro forma cap rate. There is excellent value-add potential through the immediate lease-up of three vacant residential units, rent-control leniency on tenant turnover, and a gas-to-electric heat conversion opportunity. Asking price is $4,100,000.
Property Features
0 Beds
0 Baths
37,673 Sqft
Built in 1930
0.25 Acres
5 Stories
Beachview
$57,572 / yr property tax
Atlantic County
Additional Photos
Contact Information
Michael Brooke
Imperial Real Estate Agency
732-905-5511
Location
Listing Agent: Michael Brooke 732-905-5511
Broker: Imperial Real Estate Agency 732-905-5511 Listing Site
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Imperial Real Estate Agency 732-905-5511 Listing Site
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$3,800,000
--
Beds
--
Baths
37,673
Sqft
2722 Atlantic Ave, Atlantic City, NJ 08405
By contacting this agent you agree to these Terms and Conditions.
MLS# 22612953
Prime investment opportunity in the heart of Atlantic City!
$3,800,000
2722 Atlantic Ave, Atlantic City, NJ 08405
--
Beds
--
Baths
37,673
Sqft
0.25
Acres
$3,800,000
2722 Atlantic Ave, Atlantic City, NJ 08405
-- Beds
-- Baths
37,673 Sqft
0.25 Acres
Prime investment opportunity in the heart of Atlantic City! Located at the corner of Atlantic and South Iowa Avenues , this 38-unit mixed-use elevator building sits immediately adjacent to the Tropicana Atlantic City, capturing incredible foot traffic. The 37,673 SF property features 32 residential units and 6 ground-floor retail storefronts. It currently generates a strong 8.60% cap rate on as-is NOI, with a clear path to a 9.55% pro forma cap rate. There is excellent value-add potential through the immediate lease-up of three vacant residential units, rent-control leniency on tenant turnover, and a gas-to-electric heat conversion opportunity. Asking price is $4,100,000.
97 days
on BeachHouse.com
117
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Property Details
HOME DETAILS
0 Beds
0 Baths
37,673 Sqft
Built in 1930
0.25 Acres
5 Stories
BEACH & VIEW
Beachview
FINANCIAL & COMMUNITY
$57,572 / yr property tax
Atlantic County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7678014
Viewed
117 times
Listing Status
Active
Added
May 06, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
More MLS
Source Property ID
22612953
Listing Agent: Michael Brooke 732-905-5511
Broker: Imperial Real Estate Agency 732-905-5511 Listing Site
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Imperial Real Estate Agency 732-905-5511 Listing Site
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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