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511-521 Pacific ave

0.39 Acres of Commercial Land Offered at $1,685,616 CAD in Atlantic City, NJ 08401

Property Facts

Price $1,685,616 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 0.39 AC

1 Lot Available

Lot

Price $1,685,616 CAD
Price Per AC $4,286,612 CAD
Lot Size 0.39 AC

Description

Totally a strategic and unique property which spans three contiguous lots totaling 17,129 square feet, covering the entire frontage of PacificAvenue 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. CornerVisibility: 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 facility. 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 10multi-family units with 20 required parking spaces, or commercial uses on the ground level. This is an incredible opportunity to invest in AtlanticCity's growing tourism and residential sectors—don't miss out on the chance to create a landmark development in this prime development location.

Walk Score ®
Very Walkable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 33994453

  • Date on Market: 2024-11-25

  • Last Updated:

  • Address: 511-521 Pacific ave, Atlantic City, NJ 08401

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