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Ram Bala

ram.bala@kw.com +1(703) 403-5338

$ 1,900,000

Est. payment -/mo

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Active

2741 PACIFIC AVE Atlantic City, NJ 08401

9,032 SqFt

UPDATED:

09/24/2024 03:13 AM

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

Square Footage 9,032 sqft

Price per Sqft $210

MLS Listing ID NJAC2013234

Originating Board BRIGHT

Land Lease Amount 71412.0

Land Lease Frequency Annually

Year Built 1956

Annual Tax Amount $27,628

Tax Year 2023

Lot Size 8,751 Sqft

Acres 0.2

Lot Dimensions 100.00 x 87.50

Property Description

Discover an exceptional investment opportunity with this 25-unit motel and commercial space, located across from the renowned Tropicana. This turn-key property, secured by a land lease until 2056, has been recently renovated and is fully operational. Each unit provides comfortable accommodations, attracting a steady stream of guests, while the versatile commercial space benefits from high foot traffic, ideal for retail ventures. Situated in a prime location, this property offers tremendous growth and profitability potential. Contact us today for more details and to schedule a viewing. 1 block from the beach at traffic light.

Location

State NJ

County Atlantic

Area Atlantic City (20102)

Zoning RS-C

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Window Unit(s)

Heat Source Natural Gas

Exterior

Garage Spaces 15.0

Utilities Available Cable TV, Sewer Available, Water Available, Multiple Phone Lines

Waterfront N

Water Access N

Roof Type Flat

Accessibility Other

Parking Type Parking Lot

Total Parking Spaces 15

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Atlantic City Schools

Others

Tax ID 02-00173-00019

Ownership Land Lease

SqFt Source Assessor

Special Listing Condition Standard

Listed by Richard Baehrle • BHHS Fox & Roach-Northfield

Ram Bala

Agent | License ID: 0225064126

+1(703) 403-5338

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Ram Bala

Ram Bala

2741 PACIFIC AVE Atlantic City, NJ 08401

Key Details

Location

Interior

Exterior

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Others

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2741 PACIFIC AVE