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$ 45,000,000
Est. payment /mo
New
1601 Arctic Atlantic City, NJ 08401
1 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type 1+ to 5 Acres
Listing Status Active
Purchase Type For Sale
MLS Listing ID 604082
Annual Tax Amount $32,955
Tax Year 2025
Lot Size 1.000 Acres
Property Sub-Type 1+ to 5 Acres
Property Description
Asking Price $4,500,000 (4.5M) - Package Deal! Four lots | Blk 326 Lots 2, 5, 6 & 7 |complete block in the HIGHLY desirable CBD district! Likely THE LAST full block available in the CBD zone. Get in now, owner has priced to sell. No gamble here; just a fantastic opportunity to develop your next success story. On the corner of ML King Jr. Blvd., major thoroughfare in/out of the city, and historical Kentucky Ave. - across from ACCC's city campus. Key Aspects of the CBD Zone: Purpose: To promote and support core commercial, financial, retail, and entertainment functions vital to the city. Location: Primarily along major corridors like Atlantic and Pacific Avenues, within the broader CRDA (Casino Reinvestment Development Authority) Tourism District. Permitted Uses: Includes a wide range of activities like home occupations, multiple-family dwellings (upper floors), antique shops, bookstores, various retail stores, and potentially cannabis-related businesses as part of redevelopment efforts. https://www.acnj.gov/_Content/pdf/GREEN-ZONE-REDEVELOPMENT-FINAL-w-Exhibit-082222.pdf Redevelopment Focus: Part of the "Green Zone" redevelopment plan, aiming to address vacant properties and diversify offerings, attracting new businesses and revenue. Intensive Use: High land values and public convenience justify a greater intensity of development and activity compared to other commercial zones. *Tax & Assesment is the total for all lots
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details Corner
Others
Senior Community Yes
Listed by HomeSmart First Advantage Realty - Northfield