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    2707 Pacific Ave Atlantic City, NJ 08401

    For Sale
    $1,500,000

    Commercial - Atlantic City, NJ

    Days on Market:
    259
    Last Refresh:
    Dec 11 at 8:06 am

    Property Features for 2707 Pacific Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Basement Y/N
    1

    Utilities

    Heating system
    Natural Gas

    Building Details

    Building materials
    Brick, Stucco
    Roof type
    Fiberglass

    PRUDENTIAL FOX and ROACH-144H (609) 822-4200

    Listing agent PAULA HARTMAN (609) 822-4200 License #SP-9807299

    Listing date Mar 28, 2025

    MLS# 594632 Listing URL

    Copyright © 2025 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Atlantic City Redevelopment Opportunity

    This commercial building, previously operated as a 48-room hotel, presents a significant redevelopment opportunity. Approved building plans are in place for the addition of a fourth floor, designed to accommodate 32 apartments and a penthouse. The property has been completely gutted, offering a blank canvas for future construction. Situated in Atlantic City, the location is near the Tropicana Casino and across from the beach. The property is also located near AC's first authentic Biergarten. The property has an income potential of over $500,000 per year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Hair Salon Restaurant Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Atlantic City
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.444059
    Latitude
    39.353967

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    FAQs

    What type of property is this?
    Hotel - Former hotel with approved plans for apartments and penthouse.
    Where is this hotel located?
    The property is located at 2707 Pacific Ave Atlantic City, NJ.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Approved building plans for a **4th floor addition with 32 apartments and a penthouse.**; - **Prime location** in the heart of Atlantic City, next to the Tropicana Casino and across the street from the beach.; - **High income potential of over $500,000 per year.**
    (609) 822-4200
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    2707 Pacific Ave Atlantic City, NJ 08401
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    Atlantic City, NJ 08401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2707 Pacific Ave Atlantic City, NJ 08401
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