Twitter
Facebook
Email
|
This bay front nine-unit building in Lower Chelsea is located directly across from Stockton University's Island Campus and just two blocks from the beach and boardwalk. The property includes seven three-bedroom units, one two-bedroom unit, and one one-bedroom unit. Currently, five units are leased on annual terms, while four are vacant and ready for immediate occupancy. The owner reports riparian rights for six boat slips and prior approvals for a rooftop deck. All units have already been condo-converted, providing buyers the flexibility to either hold the property for long-term rental income and appreciation or resell the units individually. This dual exit strategy makes the property highly appealing for investors seeking a wholesale acquisition with multiple paths for value growth. Recent improvements include new electrical systems throughout the building with permits, new panels and wiring, upgraded common-area lighting, new HVAC systems, approximately 80% new plumbing stacks, a new sewer line to the street, roof re-lining, eight tons of gravel added to the rear yard, removal of the old boiler, and added structural reinforcement with steel I-beams at the base of the building and sistered 4x4 beams at the main support columns on each floor. The property is fully fenced and secured with combination locks and a sixteen-channel camera system. Units offer water views, central air conditioning, gas heating, and gas cooking. Units A, B, C, 1, 3, and 5 were fully gutted and renovated, while units 2, 4, and 6 were recently updated. Street parking is available, and public transportation is easily accessible out front. The Ventnor-side location is close to grocery stores, restaurants, pharmacies, retail, and major Atlantic City destinations, including Tropicana, Caesars, Hard Rock, and Ocean Casino.
| DAYS ON MARKET | 0 | LAST UPDATED | 1/19/2026 |
|---|---|---|---|
| YEAR BUILT | 1939 | COMMUNITY | Atlantic City (20102) |
| COUNTY | ATLANTIC | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | ATLANTIC CITY SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Gas |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | Atlantic City (20102) |
| BASEMENT | Yes |
| CONSTRUCTION | Brick, Stone |
| HEAT | Forced Air, Natural Gas |
| LOT DESCRIPTION | Waterfront |
| LOT DIMENSIONS | 6756 sqft |
| PARKING | On Street, Driveway |
| SEWER | Public Sewer |
| STORIES | 3 |
| TAXES | 26528 |
| UTILITIES | Natural Gas Available, Sewer Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Water, Marina, Bay |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Bay/Harbor, Waterfront |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
P
I
*Estimate only
| SATELLITE VIEW |
| / | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Todd
Stonesifer to contact you even if your name is on a Federal or State
"Do not call List".
Listing provided by EXP Realty, LLC
All information provided is deemed reliable but is not guaranteed and should
be independently verified. No reproduction, distribution, or transmission of the
information at this site is permitted without the written permission from the MLS
Participant.
IDX information is provided exclusively for consumer’s personal,non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
This IDX solution is (c) Diverse Solutions 2026.