Four-Lot CBD Development
1601 Arctic Avenue Atlantic City, NJ 08401
For Sale
$4,500,000
Four combined lots on a full block in the CBD district, positioned at a corner in Atlantic City.
Days on Market200
Property Features for 1601 Arctic Avenue
General Information
- Standard status
- Active
- Property subtype
- LOTS/LAND / 1+ to 5 Acres
Listing Agency:
HomeSmart First Advantage Realty - Northfield
(609) 517-1992
Listed By:
HOLLIE WILKES · License #0341115
(609) 517-1992
Source:
Compass
Added: Jan 5
Changed: Jul 23
Last Checked: Jul 23 at 4:33PM
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 HomeSmart First Advantage Realty - Northfield
Investment Insights
Based on property information with market context.
This package sale includes four lots comprising a complete block: Block 326, Lots 2, 5, 6 and 7. The offering is presented for development within the city’s CBD district, with the stated focus on core commercial, financial, retail, and entertainment functions.
The property is located on a corner at ML King Jr. Blvd., a major thoroughfare in and out of the city, and historical Kentucky Ave., directly across from ACCC’s city campus. The remarks further note that the location sits within the broader CRDA (Casino Reinvestment Development Authority) Tourism District and aligns with the “Green Zone” redevelopment plan, which targets vacant properties and diversification of offerings.
According to the provided description of the CBD zone, permitted uses include a broad mix such as home occupations, multiple-family dwellings (upper floors), antique shops, bookstores, and various retail stores, with cannabis-related businesses noted as potentially part of redevelopment efforts. The listing is for the combined lots, with tax and assessment referenced as totals for all lots.
The property is located on a corner at ML King Jr. Blvd., a major thoroughfare in and out of the city, and historical Kentucky Ave., directly across from ACCC’s city campus. The remarks further note that the location sits within the broader CRDA (Casino Reinvestment Development Authority) Tourism District and aligns with the “Green Zone” redevelopment plan, which targets vacant properties and diversification of offerings.
According to the provided description of the CBD zone, permitted uses include a broad mix such as home occupations, multiple-family dwellings (upper floors), antique shops, bookstores, and various retail stores, with cannabis-related businesses noted as potentially part of redevelopment efforts. The listing is for the combined lots, with tax and assessment referenced as totals for all lots.
Key Highlights
- Package deal: four combined lots on a full block in Atlantic City’s CBD district (Blk 326, Lots 2, 5, 6 & 7).
- Corner location on ML King Jr. Blvd., a major thoroughfare into and out of the city, and historical Kentucky Ave.
- Across from ACCC’s city campus.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - Four combined lots on a full block in the CBD district, positioned at a corner in Atlantic City.
Where is this commercial land located?
The property is located at 1601 Arctic Avenue Atlantic City, NJ.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Package deal: four combined lots on a full block in Atlantic City’s CBD district (Blk 326, Lots 2, 5, 6 & 7).; Corner location on ML King Jr. Blvd., a major thoroughfare into and out of the city, and historical Kentucky Ave.; Across from ACCC’s city campus.
