1601 Arctic Ave Atlantic City, NJ 08401

This offering presents a package deal featuring four lots, identified as Block 326, Lots 2, 5, 6, and 7, which together form a complete block within the highly desirable CBD district of Atlantic City, NJ. Situated on the corner of Martin Luther King Jr. Blvd, a major thoroughfare for entering and exiting the city, and the historic Kentucky Ave, the property is located across from Atlantic Cape Community College's city campus. The CBD zone is intended to promote and support core commercial, financial, retail, and entertainment functions vital to the city, primarily along major corridors like Atlantic and Pacific Avenues, within the broader CRDA Tourism District. Permitted uses include a wide range of activities such as home occupations, multiple-family dwellings on upper floors, antique shops, bookstores, various retail stores, and potentially cannabis-related businesses as part of redevelopment efforts. This property is part of the "Green Zone" redevelopment plan, aiming to address vacant properties and diversify offerings, attracting new businesses and revenue. The high land values and public convenience justify a greater intensity of development and activity compared to other commercial zones. The total lot size is 1 acre.