Thirteen-Story Hotel
New
For Sale
$3,900,000
125 S Dr Martin Luther King Boulevard, Atlantic City, NJ 08401
Closed hospitality property with dining, meeting, office, and guest-suite areas requiring renovation and updating.
Property SizeContact for details
Days on Market7
Property Features for 125 S Dr Martin Luther King Boulevard
General Information
Standard status
Active
Property subtype
Commercial
Lease Term
[]
Additional Details
Opportunity Zone
Yes
Building Details
Year Built
1929
Buildings
1
Stories
13
Listing Agency:
Levin Commercial Real Estate,LLC.
(609) 344-5200
Listed By:
Joshua Levin · License #9235858
Source:
Deepcreeklake
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 3 at 4:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Levin Commercial Real Estate,LLC.
Investment Insights
Based on property information with market context.
The Madison is a 13-story hotel building constructed in 1929, with a substantial interior program spanning hospitality, dining, meeting, office, and guest accommodations. The first floor includes lobby-adjacent bar space, a dining room served by a commercial kitchen, and a grand staircase. Meeting rooms, executive offices, and rentable suites are located on the second floor. The property closed several years ago and has been boarded up, creating a renovation and modernization requirement.
A 2004 renovation combined original rooms into larger guest spaces, with some accommodations offering two full baths. The building is positioned on the Beach Block in the Center of Town at 125 S Dr Martin Luther King Boulevard in Atlantic City. It is also within a Federal Opportunity Zone, with possible State and Federal Historic Tax Credits identified in the offering information. The neighboring parking garage is separately owned.
A 2004 renovation combined original rooms into larger guest spaces, with some accommodations offering two full baths. The building is positioned on the Beach Block in the Center of Town at 125 S Dr Martin Luther King Boulevard in Atlantic City. It is also within a Federal Opportunity Zone, with possible State and Federal Historic Tax Credits identified in the offering information. The neighboring parking garage is separately owned.
Key Highlights
- 13‑story hotel building constructed in 1929
- Beach Block location in Atlantic City’s Center of Town
- First‑floor bar, dining room, commercial kitchen, and grand staircase
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,213
Businesses Nearby
165k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 58%
Dining 20%
Apparel 16%
Shops & Services 3%
Caesars Entertainment
Hotels & Casinos
88,337 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
9,549 visits/mo
0.4 miles
Polo Ralph Lauren
Apparel
7,232 visits/mo
0.5 miles
Dunkin' Donuts
Dining
7,113 visits/mo
0.4 miles
Tommy Hilfiger
Apparel
6,800 visits/mo
0.5 miles
Demographics for 08401, NJ
38,536
Population
20,116
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
76%
High-School Grad
10.7 sq mi
ZIP Area
3,601
Density / Sq Mi
$36,375
Median Household Income
$28,915
Median Earnings
$1,086
Median Rent
$189,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Closed hospitality property with dining, meeting, office, and guest-suite areas requiring renovation and updating.
Where is this hotel located?
The property is located at 125 S Dr Martin Luther King Boulevard Atlantic City, NJ.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 13‑story hotel building constructed in 1929; Beach Block location in Atlantic City’s Center of Town; First‑floor bar, dining room, commercial kitchen, and grand staircase
