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Showcase Property

206 N Iowa Ave Ave
Atlantic City, NJ 08401
$1,100,000
MLS# 556713 | ID: 73198484

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

Property Type Commercial
Year Built 1970

CENTURY 21 Glen Cove-Morris, LLC

5467 Harding Highway
Mays Landing, NJ 08330
Phone: (609) 625-4444
For more details and photos, visit:
http://hnl.to/m/73198484