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Invest in this 37,673 SF Lenox Apartments retail space for a strong 8.60% CAP. <ul><li>Adjacent to the Tropicana Atlantic City. The Tropicana is the largest resort and casino on the boardwalk: 2,364 hotel rooms, 3,000 slot machines, 30 restaurants, 30 shops, and two 2,500-space parking garages. The subject sits directly across the street, capturing foot traffic from the resort's daily room and visitor counts.</li><li>Priced Below 2024 Appraised Value. $4,100,000 list price is 19% below the March 2024 third-party appraised value of $5,050,000. Going-in cap rate is 9.55% o
Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.