206 & 211 N Iowa Ave Active

Atlantic City,NJ 08401

$ 1500000

- Bed

- Bath

- SqFt


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

Exterior

Exterior Feature Dock/Pier/Slip,Restrooms,Storage Building,Fence

Parking Features Off Street

Roof Type Cedar Shake,Flat

Building

Story 1

Sewer Public Sewer

Water Public

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