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Mixed-Use

142 S Tennessee Ave

142 S Tennessee Ave, Atlantic City, NJ 08401

Listing Price: $1,750,000

Number of Units
42
Occupancy
1.0%
Price/Unit
$41,667
Price/Gross SF
$114.65
Gross SF
15,264

Investment Overview

The offering is an opportunity for an investor to capitalize on the growing trend toward adaptive reuse of buildings, as it's more sustainable and cost-effective than new construction. Atlantic City has a high demand for housing, as its population and employment growth metrics have recovered post-pandemic and are trending upward more rapidly than surrounding markets. Atlantic City continues to outpace all other shore communities in job growth and economic output, making Atlantic City a strong candidate for a long-term investor's portfolio.

Investment Highlights

  • Well-known tourist destination with a robust hospitality and gaming industry. Property is close to the beach, boardwalk, casinos, and entertainment venues, attracting short/long term rental demand.
  • As urban centers recover and adapt post-pandemic, there is an increasing demand for housing, particularly in areas with economic and recreational opportunities.
  • This project could qualify for certain tax incentives or grants aimed at promoting urban revitalization and sustainable development.

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s) NJ: 2192359

    New Jersey

Financing By

Mixed-Use

142 S Tennessee Ave

Listing Price: $1,750,000

Number of Units
42
Occupancy
1.0%
Price/Unit
$41,667
Price/Gross SF
$114.65
Gross SF
15,264

Investment Highlights

  • Well-known tourist destination with a robust hospitality and gaming industry. Property is close to the beach, boardwalk, casinos, and entertainment venues, attracting short/long term rental demand.
  • As urban centers recover and adapt post-pandemic, there is an increasing demand for housing, particularly in areas with economic and recreational opportunities.
  • This project could qualify for certain tax incentives or grants aimed at promoting urban revitalization and sustainable development.

Investment Overview

The offering is an opportunity for an investor to capitalize on the growing trend toward adaptive reuse of buildings, as it's more sustainable and cost-effective than new construction. Atlantic City has a high demand for housing, as its population and employment growth metrics have recovered post-pandemic and are trending upward more rapidly than surrounding markets. Atlantic City continues to outpace all other shore communities in job growth and economic output, making Atlantic City a strong candidate for a long-term investor's portfolio.

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s): NJ: 2192359

    New Jersey

Financing By

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