2741 Pacific Ave Atlantic City, NJ 08401-6405
- Commercial real estate
- 9,032 SF
- 0.20 lot acres
Current Use by Public Records
- Eldorado Motor Inn / Inn / Motel
- Golden Gate Jewelers / Jeweler
Property Details for 2741 Pacific Ave
- Year built
- 1956
- Construction
- BRICK
- Lot size
- 0.20 lot acres
- Property size
- 9,032 SF
- Zone code
- RS-C
- Property type
- Commercial real estate
- APN
- 02 00173-0000-00019
- APU
- 200173000000019
Description
This exceptional investment opportunity presents a 25-key motel and commercial space ideally situated in Atlantic City, New Jersey, directly across from the Tropicana. The property boasts 9,032 square feet on a 0.2-acre lot, with 15 parking spaces. Built in 1956 and extensively renovated in 2020, this turnkey operation is situated one block from the beach. The motel operates under a ground lease expiring July 30, 2056, offering 32 years of remaining lease term. The permitted zoning is RS-C. The asking price is $1,900,000, representing $210.36 per square foot and $76,000 per key. The property features a two-story building and offers significant potential for growth and profitability due to its prime location and high foot traffic, making the versatile commercial space ideal for various retail ventures. This is a rare opportunity to acquire a well-maintained, established hospitality business with a long-term lease in a highly desirable location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $440,000
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Location Insight
- Map
- Local Demand
- City
- Atlantic City
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.4446
- Latitude
- 39.3538
- CBSA code
- 12100
- CBSA name
- ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
