$ 1,500,000
206 & 211 N Iowa Ave Atlantic City, NJ 08401
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$ 1,500,000
Est. payment | /mo
$ 1,500,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 577014
Style Commercial,Marina
Year Built 1970
Annual Tax Amount $22,383
Tax Year 2023
Property Description
APPROXIMATELY 390 FEET ON THE WATER!! CAFRA APPROVED!! Unlock a World of Opportunities! Breathe new life into this once-thriving Marina or reimagine it as a serene waterfront residential community. Positioned across from the historic OLD Bader Field and Baseball Stadium, enjoy easy access to the inlet and back Bays. Discover 12 distinctive lots in total! On the Lake Side, you'll find 8 captivating lots. Highlighting this side is a spacious 3,200 sq ft garage-style structure with 8 bays—an ideal canvas for your creative vision. On the Restaurant Side, a unique opportunity awaits with 4 lots. Envision a charming 3,000 sq ft boathouse/restaurant-style structure complete with bathrooms. Picture over an acre of enchanting floating docks, slips, and a world of potential revenue! Alternatively, explore the possibility of crafting residential homes or condos, inspired by the nearby Sunset Ave approach. Here, 26' wide lots cleverly integrated waterfront land for heightened value. Pending necessary approvals, this property could potentially host around 14 distinct properties. For a captivating twist, combine the allure of condos with the allure of a marina, creating an enduring stream of residual income. Imagine a waterfront restaurant seamlessly integrated with a charming marina, both perfectly positioned to capture the beauty of each sunset. Unleash your creativity on this remarkable canvas!
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details Bay Front,Corner,Inlet,Inside,Water View
Rooms
Basement Slab
Interior
Interior Features Restroom, Storage
Exterior
Exterior Feature Dock/Pier/Slip, Restrooms, Storage Building, Fence
Garage Off Street
Waterfront Yes
Roof Type Cedar Shake,Flat
Building
Story 1
Sewer Public Sewer
Water Public
Listed by KELLER WILLIAMS REALTY JERSEY SHORE-Margate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "