Southern New Jersey and Surrounding Areas

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206 N Iowa Ave Ave
Atlantic City, NJ 08401
MLS# 556713 ID: 73198484
$1,100,000
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Property Description
Commercial - Atlantic City, NJ Opportunities Await! Bring this once thriving Marina back to life or change it to a waterfront residential community! Sitting across the inland waterway from the old Bader Field and Baseball Stadium, its located with easy access to the inlet and back Bays. There are 8 lots total with a block 3,200 sq ft garage like structure with 8 bays included. 4 of the lots are taxable land under water with no yearly Riparian fee to the state. Imagine almost an acre of floating docks, slips and revenue! Another option is creating residential homes or condos. Look no further than a block over on Sunset Ave. They created 26' wide lots and included the waterfront land for added value. With proper approvals, that could yield around 10 properties. Could also do the condos plus the Marina aspect for residual income too. A lot to choose from. Also, an active marina with a 3,000+ sq ft building can be included for the right buyer at the right price. This property is on the other side of Iowa Ave. Boat slips are currently rented. This property screams a waterfront restaurant plus a marina with docks. The perfect sunset from both properties everyday! Get creative! *Sellers have completed a title search and there are no issues with the riparian grant.* *Sellers are open to selling the adjoining lots as well* Bring all offers!
Property Features
Status
Days On Market 252 days
Last Updated June 28, 2022
Market Status Available
Description
Property Type Commercial
Year Built 1970
Building Features
Basement
Stories 1.0
Exterior Features
Exterior Construction Block
Parking Off Street
Dock
Legal/Financial
Taxes 14355 (2020)
Listing Features
Property Type Commercial; Commercial
Lot Features
Waterfront
Offered By:
Taylor Phy
CENTURY 21 Glen Cove-Morris, LLC

Data Provided by South Jersey Shore Regional MLS

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