Listed by RE/MAX One Realty
$2,650,000
2318 Fairmount Avenue
Details
Property Type Mixed Use, Industrial
Sub Type Mixed Use, Commercial/Industrial
Square Footage 10,156
Lot Size (SqFt) 6,068
Zoning MURD
Parking Spaces 5 spaces
Parking Per SqFt 0.49
Investment Type Redevelopment
Ground Lease No
Sale Condition N/A
Mixed Use | 10,156 SqFt
Marketing description
Prime redevelopment opportunity in the heart of Atlantic City! Located at 2318 Fairmount Avenue, this versatile two-story property offers incredible potential with MURD (Mixed-Use Residential Development) zoning--ideal for investors or developers looking to capitalize on a high-demand area. The first floor is currently operating as an auto body shop, providing immediate usability or income potential, while the second floor presents a blank canvas ready for your vision--whether residential units, office space, or a mixed-use concept. Just off the highway as you enter Atlantic City, this property offers excellent accessibility and visibility. Enjoy close proximity to top destinations including the Atlantic City Boardwalk, Atlantic City Beach, world-renowned casinos and shopping outlets.
Investment highlights
- Prime redevelopment opportunity in the heart of Atlantic City positioned within a rapidly evolving mixed-use corridor.
- MURD (Mixed-Use Residential Development) zoning allows for a wide range of potential development uses including:
- Multifamily residential
- Mixed-use retail/residential
- Live-work concepts
- Hospitality or adaptive reuse opportunities
- Large approximately 10,156 SF existing structure creates significant repositioning or redevelopment flexibility for investors and developers.
- Existing commercial use provides potential interim income while securing approvals, planning redevelopment, or assembling adjacent parcels.
- Located near Atlantic City’s major economic drivers including:
- Casino district
- Boardwalk tourism
- Stockton University expansion
- Orange Loop redevelopment activity
- Hospitality and entertainment corridors
- Strategic location with strong visibility and accessibility near major Atlantic City thoroughfares and dense residential neighborhoods.
- Opportunity to capitalize on continued Atlantic City redevelopment momentum and increasing investor interest in adaptive reuse and workforce/mixed-income housing projects.
Listing Contacts
Listed by RE/MAX One Realty
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