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Listed price in listed location currency (USD).
$940,000

000

MLS® 590722

Overview

Key Facts

Type Other
Levels Land
Size -
Garage No
Taxes $17,328
Days Active 537
Lot Size 0.4 acres
Approx. Age 
MLS® Number 590722

Property Address: 521-511-521 Pacific Ave, Atlantic City, NJ, 08401

Average square foot calculated using Size range provided by listing agent.

Description

Totally a strategic and unique property which spans three contiguous lots totaling 17, 129 square feet, covering the entire frontage of Pacific Avenue between South Connecticut and Congress Avenues. At this busy intersection, you'll find a well-positioned, two-story, 3, 900-square-foot building on the corner lot, directly across from the new luxury apartment complex 600 NoBe and the Bella Luxury Condo Tower. Corner Visibility: The fenced-in corner lot at Pacific and South Connecticut—a main access route to the Ocean Resort Casino—boasts high traffic and visibility. Fully Leased Parking Lot: The middle lot serves as a fully leased parking facility, generating steady revenue. Also close to Showboat water park faciility. Development-Ready Building Shell: On the right side, the building shell presents endless potential for multi-family, commercial, or mixed-use redevelopment. Strategic Location: Located within the CRDA Tourism District, this site is newly zoned LH-1, opening the door for a range of investment opportunities. Just two blocks from the beach, this property is ideal for capitalizing on Atlantic City's growth. There is development potential here! Buildable lots must be a minimum 7, 500 SQFT per lot is required for development, allowing these lots to be consolidated into a single project. Multi-Unit & Mixed-Use Capabilities: With the combined square footage, the property can support up to 10 multi-family units with 20 required parking spaces, or commercial uses on the ground level. This is an incredible opportunity to invest in Atlantic City's growing tourism and residential sectors—don't miss out on the chance to create a landmark development in this prime development location.
MLS® Number590722
Laundry Level
Central VacNo
FireplaceNo
Acreage0.4
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 11, 2024List Date
$940,000List Price

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