1601 Arctic, Atlantic City, NJ 08401
$4,500,000
Est. payment /mo
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1 Acres Lot
Price Dropped by $40.5M

1601 Arctic Atlantic City, NJ 08401

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Vince Capriotti

Vince Capriotti

+1(609) 923-1065

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

South Jersey Shore Regional MLS (SJSRMLS)
Listed by HomeSmart First Advantage Realty - Northfield

NEARBY SCHOOL & BUSINESS

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Vince Capriotti

Vince Capriotti

Agent | License ID: 1753769

+1(609) 923-1065

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1601 Arctic

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