Residential Development
For Sale
$75,000
801 Penrose Avenue, Atlantic City, NJ 08401
Vacant residential lot for sale, subject to City of Atlantic City approvals and permitting for proposed R-3 use.
Property SizeContact for details
Days on Market650
Property Features for 801 Penrose Avenue
General Information
Standard status
Active
Property subtype
LOTS/LAND / 1 to 6,000 SQFT
Zoning
R-3
Taxes and HOA fees
Annual Taxes
$3,707
Listing Agency:
KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIG
(856) 693-7083
Listed By:
Ronald Floczak · License #1865537
(856) 693-7083
Source:
Compass
Added: Nov 1, 2024
Changed: Aug 8
Last Checked: Mar 25 at 1:29PM
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 KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIG
Investment Insights
Based on property information with market context.
This offering is for a residential development lot in Atlantic City, NJ. The property is being sold as land, and buyers are responsible for completing all due diligence and obtaining the required certifications before moving forward with development.
Buyers should confirm the exact lot size, verify permitted R-3 uses, and review all building requirements and setbacks. Prospective purchasers are also expected to investigate utility connections and secure all necessary permits and approvals for their intended project with the City of Atlantic City’s Planning & Development Department and Licensing & Inspection.
Because development requirements are dependent on the project and city review process, potential buyers should plan for the time and steps needed to meet local regulations prior to construction.
Buyers should confirm the exact lot size, verify permitted R-3 uses, and review all building requirements and setbacks. Prospective purchasers are also expected to investigate utility connections and secure all necessary permits and approvals for their intended project with the City of Atlantic City’s Planning & Development Department and Licensing & Inspection.
Because development requirements are dependent on the project and city review process, potential buyers should plan for the time and steps needed to meet local regulations prior to construction.
Key Highlights
- Vacant residential lot for sale
- Sale is subject to City of Atlantic City approvals and permitting for the proposed R‑3 use
- Buyers are responsible for due diligence, including confirming lot size and verifying permitted R‑3 uses
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
135
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Vacant residential lot for sale, subject to City of Atlantic City approvals and permitting for proposed R-3 use.
Where is this residential land & home lot located?
The property is located at 801 Penrose Avenue Atlantic City, NJ.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Vacant residential lot for sale; Sale is subject to City of Atlantic City approvals and permitting for the proposed R‑3 use; Buyers are responsible for due diligence, including confirming lot size and verifying permitted R‑3 uses
