REDUCED! Four-Story Mixed Use Investment Building in Prime Location
Overview
- Investment, Mixed-Use
Address
Open on Google Maps- Address 25 S Martin Luther King Junior Boulevard, Atlantic City, NJ, USA
- State/county New Jersey
- Zip/Postal Code 08401
Details
Updated on January 26, 2024 at 12:17 pm- Price: $490,000
- Year Built: 1930
- Property Type: Investment, Mixed-Use
- Property Status: For Sale
- Building SqFt: 3,106±
- Block #: 154
- Lot #: 1.02
- Lot Dimensions: 31 x 80
- Number of Buildings: 1
- Frontage: 31'
- Zoning: RC - Resort Commercial
- Total Assessment: $229,100
- Assessed Land Value: $62,000
- Improvement Value: $167,100
- Tax: $8,653
- Tax Year: 2022
- Air Conditioner: Air Curtain, Wall Units
- Heating: Gas - Natural, Hot Water
- Location: Boardwalk Area, Business District
- Sewer: Public
- Style: Free-Standing
- Water: Public
Description
REDUCED! Four-Story Mixed Use Investment Building in the heart of Atlantic City. Located in the Tourism, Opportunity and Green Zones provide this building and buyers with lots of flexibility. 25 S MLK is one block from the beach/boardwalk and two blocks from the Orange Loop, Tanger Outlets, Claridge Hotel and Bally’s Casino. This area provides lots of amenities for guests or tenants. Currently the building is comprised of one retail store and an apartment on the first floor with a land use showing four apartments and eight single rooms overall. Lots of potential here. Current owners recently updated the roof, siding, and windows. Sitting next to Atlantic City’s Civil Rights Garden and Carnegie Center grant this building a beautiful setting unique to itself. Call for marketing package and P & L.
