1601 Arctic, 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 (Central Business District) of Atlantic City, New Jersey. The property is positioned on the corner of Martin Luther King Jr. Boulevard, a major thoroughfare for entering and exiting the city, and the historic Kentucky Avenue, directly across from the Atlantic Cape Community College (ACCC) city campus. The CBD zone is intended to promote and support core commercial, financial, retail, and entertainment functions vital to the city. Permitted uses include home occupations, multiple-family dwellings on upper floors, antique shops, bookstores, various retail stores, and potentially cannabis-related businesses as part of redevelopment efforts. The location falls within the broader Casino Reinvestment Development Authority (CRDA) Tourism District and is part of the "Green Zone" redevelopment plan, aimed at addressing vacant properties and diversifying offerings to attract new businesses and revenue. The zoning allows for a greater intensity of development and activity compared to other commercial zones due to high land values and public convenience. The combined tax and assessment reflect the total for all lots. The lot size is 1 acre.