Listed by Levin Commercial Real Estate
$499,000
1624 Pacific Avenue
Details
APN Block 48.01, Lot 2
Property Type Office, Mixed Use
Sub Type Traditional Office, Retail
Square Footage 7,018
Tenancy Vacant
Price per SqFt $71
Class C
Year Built 1920
Buildings 1
Stories 3
Acreage 0.056
Zoning RS-C
Investment Type Value Add
Ground Lease No
Office | 7,018 SqFt
Marketing description
1624 Pacific Avenue is a three-story ±7,000 SF mixed-use building located in a Redevelopment and Opportunity Zone. The ground floor is fully approved for a Class 5 retail cannabis dispensary, offering a rare opportunity in a rapidly developing area. Second and third floors were historically residential, though currently inactive. All approvals and due diligence are the responsibility of the buyer. Prime location with direct access in and out of town. 1 block to the beach and boardwalk, and 2 blocks from AtlantiCare Regional Medical Center, the Orange Loop, and the central business district. Surrounded by major new construction and redevelopment projects currently underway. Parking available nearby. Call for marketing package.
Investment highlights
- Located in Redevelopment and Opportunity Zone
- Ground floor fully approved for Class 5 retail cannabis dispensary
- 1 block to beach and boardwalk
- 2 blocks from AtlantiCare Regional Medical Center
- Surrounded by major new construction and redevelopment projects
Listing Contacts
Listed by Levin Commercial Real Estate
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