51,170 SqFt
51,170 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 51,170 sqft
Price per Sqft $63
MLS Listing ID NJAC2015704
Originating Board BRIGHT
Year Built 1960
Annual Tax Amount $38,765
Tax Year 2024
Lot Dimensions 50.00 x 0.00
Property Description
Prime Location: Lot 21: 52 feet of Boardwalk frontage on an 11,150 sf +/- parcel, boasting heavy pedestrian traffic and visibility. Lot 25: L-shaped 8,875 sf +/- parcel with 35 feet of frontage along St. James Place, ideal for storage or auxiliary use.
Structures: Main Building: Approximately 30,975 sf +/- GBA (not including a full basement), circa 1960, in fair to average condition. Adjacent Storage Building: Approximately 20,195 sf +/- GBA, circa 1940, requiring extensive renovation. Zoning: Resort Commercial District (RS-C) permits diverse uses, including retail, hospitality, entertainment, and mixed-use residential/commercial ventures.
Investment Potential: Highest and Best Use: Continued commercial operations or redevelopment with proper permits and approvals to unlock the property's full potential in Atlantic City's thriving market.
Why Invest? Atlantic City's Boardwalk is an internationally recognized destination, drawing millions of visitors annually. With its prime location and zoning flexibility, this property is perfect for businesses seeking unparalleled visibility or developers with a vision for revitalizing a historic part of the city.
Take the next step in building your portfolio with this unique Atlantic City investment opportunity.
Location
State NJ
County Atlantic
Area Atlantic City (20102)
Zoning RS-C
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Other
Heat Source Natural Gas
Exterior
Utilities Available Cable TV, Multiple Phone Lines, Sewer Available, Water Available, Natural Gas Available, Electric Available
Water Access N
Roof Type Flat
Accessibility Level Entry - Main
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Atlantic City Schools
Others
Tax ID 02-00052-00021
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
