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$ 1,200,000
Est. payment | /mo
$ 1,200,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 594632
Style Hotel
Annual Tax Amount $14,326
Tax Year 2024
Property Description
This exceptional commercial building, formerly a hotel with 48 rooms, offers immense potential for redevelopment. Building plans have already been approved for an additional 4th floor, which will house 32 apartments and a luxurious penthouse, making this an ideal opportunity for investors. The property has been completely gutted, providing a blank canvas for future development. Located in the heart of Atlantic City, just next to the Tropicana Casino and across the street from the beach, this prime location is further enhanced by its proximity to AC's first authentic Biergarten. With an income potential of over $500,000 per year, this is a rare chance to capitalize on a strategic location in one of the city's most vibrant areas.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details Beach Block,Business District,See Remarks
Rooms
Basement Full
Interior
Heating Gas-Natural
Exterior
Roof Type Fiberglass,Tar
Building
Sewer Public Sewer
Water Public
Listed by BHHS FOX and ROACH-Margate
Nearby Locations
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