18 Pennsylvania, Atlantic City, NJ | MLS # 595117 For Sale

Property Details

10-unit mixed-use building located just half a block from the Hard Rock Hotel & Casino and only 1.5 blocks to the beach and the world-famous Atlantic City Boardwalk! This investment opportunity offers a current 9.75% cap rate and includes a large ground-floor commercial space, currently leased to a restaurant, with separate gas and electric meters. The building also features nine residential units, each with individual electric meters. Income and expense details are available to qualified buyers. The property is ideally situated within walking distance to major attractions including all local casinos, restaurant, hospital, marina and more. With consistent occupancy and unbeatable proximity to beaches, fishing piers, jettys, and entertainment, this building offers a strong investment to investors in the heart of Atlantic City.

This listing is provided courtesy of REAL-GALLOWAY

MLS #: 595117
Status: Active
Address: 18 Pennsylvania, Atlantic City, NJ 8401
Date Listed: 4/11/2025
Days on Market: 49

Location

Interior Features

Heat System: Gas-Natural, Radiant

Exterior Features

Parking: None

Additional Features

County: Atlantic
Property Type: 4 - 10 Units
Waterfront Features: No
Water/Sewer: Public
Year Built: 1930
Lot Number: 5
Block Number: 138
For Sale / Lease: For Sale
Taxes: 16438
3rd Party Approval: No

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