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Leon Grisbaum

Leon Grisbaum 609-399-0076x132

3160 Asbury Avenue, Ocean City

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For Sale 511-521 Pacific, Atlantic City, NJ, 08401

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511-521 Pacific, Atlantic City, NJ, 08401 Main Picture 511-521 Pacific, Atlantic City, NJ, 08401 Aditional Picture511-521 Pacific, Atlantic City, NJ, 08401 Aditional Picture511-521 Pacific, Atlantic City, NJ, 08401 Aditional Picture511-521 Pacific, Atlantic City, NJ, 08401 Aditional Picture511-521 Pacific, Atlantic City, NJ, 08401 Aditional Picture

511-521 Pacific, Atlantic City, NJ, 08401

$1,200,000

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

Listing courtesy of: FARLEY and FERRY REALTY, INC
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional Multiple Listing Service. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Information is deemed to be accurate but not guaranteed. Copyright South Jersey Shore Regional Multiple Listing Service. All rights reserved.
Total Rooms
Full Bath 0
# of Stories
Year Build
Lot Size 10,001 to 20,000 SQFT
Tax 17328.00
SQFT
Bedrooms 0
Half Bath 0
# of Stories
Lot Dimensions
# Units
Tax Year 2024
Area Atlantic City
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