1814 GARFIELD AVE

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1814 GARFIELD AVE

ATLANTIC CITY, NJ 08401-4206
Asking Price
$20K
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel located in Atlantic City at 1814 Garfield Ave.
  • The site measures 1,000 square feet of total lot area.
  • Property is zoned for central business district development uses.
  • Current asking price for this urban land asset is $20,000.
  • Strategically positioned within the established Atlantic City metropolitan submarket.

What's Special

Priced at $20,000, this 1,000-square-foot residential land parcel sits in the heart of Atlantic City. The site is zoned CBD, providing flexibility for development within the central business district of this well-known coastal hub. Investors and developers will recognize the potential of this location, which benefits from the ongoing economic activity and tourism traffic characteristic of the Atlantic City market. The surrounding area continues to serve as a primary destination for entertainment and hospitality throughout the region. Whether pursuing residential infill or strategic land banking, this lot offers a foothold in a dense urban environment with established infrastructure. Its compact footprint and central zoning designation make it a practical acquisition for those looking to expand their presence in this active municipality.

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NOI
$80,000
Cap Rate
400.00%
DSCR
67.37
Strong
Cash-on-Cash
1313.54%
Monthly Payment
$98.949
Annual Cash Flow
$78,812.611

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