Owner/User Office Bldg | 67% Occupied

25 N. Albany Ave, Atlantic City, NJ 08401

Property Info

Zetabid sealed bid auction of a 3-unit office building in Atlantic City, New Jersey. Currently 67% occupied with the top floor vacant for an owner/user to occupy the 1,700 SF of space or lease to a medical office tenant or like professional. Roof is currently being resealed by owner. Sale includes additional lot behind the property, 8 St. David's Place, currently being used for additional parking (13 Spaces | Zoned R-3). Please visit Zetabid.com along with our due diligence vault for auction/property details and rent roll. Broker cooperation available and pre-auction offers are welcome.

  • City : Atlantic City
  • State : NJ
  • Zip Code : 08401
  • Property Type : Office
  • Square Feet : 3400
  • Lot Size : .04 AC
  • Year Built : 1940
  • Occupancy : 67%
  • Stories | Floor Size : 2 | 1,700 SF
  • Units | Bathrooms | Kitchen : 3 | 6 | 1
  • HVAC : Yes
  • Parking Spaces | 8 St. David's Place : 5 | 13
  • Zoning : C-2
  • Parcel ID : 02-00257-0000-00020
  • Gross Rents 2021 : $25,500
  • Property Taxes 2021 : $10,189
  • Insurance Expense 2021 : $3,480
Status:Active

Additional Information

  • Upstairs unit has 3 bathrooms and a kitchen
  • Smaller downstairs unit has 1 bathroom
  • Larger downstairs unit has 2 bathrooms
Starting Bid: $299,000
    Auction Start: 05/10/2021 9:00 am
    Auction End: 05/13/2021 4:00 pm
    • Time Zone :EST
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    Important Information

    • Buyers Premium :6%
    • Broker Coop :2%
    • Financing :No
    • Inspection Contingency :Yes
    • Showings :Call Eric Koesterer @ 818-426-2660

    Auction Contact

    Broker Contact

    • Phone :(818) 426-2660