Property Intelligence

This three-story warehouse property in Atlantic City, New Jersey, presents a potentially relevant industrial real estate opportunity for investors and operators evaluating the region's regulated cannabis market. The marketing materials describe approximately 15,000+/- square feet of building area, with roughly 5,750 square feet per floor, and an advertised asking price of $699,000.

The property is promoted for storage, warehousing, and final-mile distribution, with frontage on two streets, overhead loading doors, and a freight elevator. Its reported association with Atlantic City's cannabis district makes it worth investigating for cannabis-related industrial use, although the property's actual zoning and permitted uses require further confirmation.

Cannabis Zoning & Licensing Intelligence

The property's reported location within a cannabis district is its defining cannabis-related consideration, but the underlying zoning requires verification.

The marketing description identifies the property as being in the Cannabis District. However, available property-record information identifies the parcel's zoning as R-3, a residential designation. Other listing records also report R-3 zoning.

This discrepancy is material. A marketing reference to a cannabis district does not, by itself, establish that a parcel is eligible for cannabis cultivation, manufacturing, warehousing, distribution, or retail operations.

Prospective purchasers should obtain written confirmation from the City of Atlantic City regarding the parcel's current zoning designation, cannabis district boundaries, permitted uses, and any applicable approvals or restrictions. No active cannabis license, approved cannabis use, or transferable entitlement has been established by the available information.

Cannabis Market & Investment Perspective

At an advertised asking price of $699,000, the property represents a relatively low-cost entry point into a specialized industrial asset, subject to confirmation of its actual building area and condition.

The listing describes a three-story warehouse configuration with loading infrastructure and a freight elevator. These characteristics may be relevant to operators evaluating storage, logistics, and other industrial requirements associated with regulated cannabis businesses.

However, the investment thesis depends heavily on the property's permitted use. If cannabis-related industrial activity is not allowed under the applicable zoning and approval framework, its value proposition would need to be evaluated as a conventional warehouse or commercial-industrial property.

There are also material discrepancies in the available records: marketing materials report approximately 17,250 square feet, while other property and listing records identify approximately 14,460 to 15,000 square feet. The parcel area is likewise reported differently. Buyers should verify the building's gross area, lot dimensions, legal use, physical condition, and any outstanding approvals before relying on the advertised figures.

GreenZones Intelligence Score: Provisional — 77/100

A definitive score is withheld pending confirmation of the property's zoning, cannabis district status, permitted industrial uses, and building area.

The reported cannabis district association and warehouse configuration warrant further investigation, but the conflicting zoning information is too significant to support a reliable cannabis suitability score at this stage.

About This Market Intelligence Record

This property is included in GreenZones' independent cannabis commercial real estate research. Information is compiled from publicly available sources and may not reflect current availability, pricing, zoning, or licensing. Inclusion does not imply broker affiliation, owner authorization, or endorsement. Representative imagery may be used.

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