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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$1,200,000

Est. payment - /mo

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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

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South Jersey Shore Regional MLS (SJSRMLS)

Listed by BHHS FOX and ROACH-Margate

NEARBY SCHOOL & BUSINESS

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Joseph Lam

+1(856) 305-8329

Broker Associate License ID: 0682262

2707 Pacific Ave Atlantic City, NJ 08401

Joseph Lam

Key Details

Location

Rooms

Interior

Exterior

Building

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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2707 Pacific Ave