$995,000
$205K PRICE DROP

Estimated payment $6,443/month

Total Views 6,569
0.4 Acre
$2,487,500 Price per Acre
17,424 Sq Ft Lot

About This Lot

Totally a strategic and unique property which spans three contiguous lots totaling 17,129 square feet, covering the entire frontage of Pacific Avenue between South Connecticut and Congress Avenues. At this busy intersection, you'll find a well-positioned, two-story, 3,900-square-foot building on the corner lot, directly across from the new luxury apartment complex 600 NoBe and the Bella Luxury Condo Tower. Corner Visibility: The fenced-in corner lot at Pacific and South Connecticut—a main access route to the Ocean Resort Casino—boasts high traffic and visibility. Fully Leased Parking Lot: The middle lot serves as a fully leased parking facility, generating steady revenue. Also close to Showboat water park faciility. Development-Ready Building Shell: On the right side, the building shell presents endless potential for multi-family, commercial, or mixed-use redevelopment. Strategic Location: Located within the CRDA Tourism District, this site is newly zoned LH-1, opening the door for a range of investment opportunities. Just two blocks from the beach, this property is ideal for capitalizing on Atlantic City's growth. There is development potential here! Buildable lots must be a minimum 7,500 SQFT per lot is required for development, allowing these lots to be consolidated into a single project. Multi-Unit & Mixed-Use Capabilities: With the combined square footage, the property can support up to 10 multi-family units with 20 required parking spaces, or commercial uses on the ground level. This is an incredible opportunity to invest in Atlantic City's growing tourism and residential sectors—don't miss out on the chance to create a landmark development in this prime development location.

Listing Agent

Mary Lou Ferry

FARLEY and FERRY REALTY, INC License #RB-8530847 Listed on: 11/11/2024

Co-Listing Agent

Andi Sinderbrand

FARLEY and FERRY REALTY, INC License #1757856

Property Details

Property Type

  • Land

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 162x130
  • Corner Lot
  • Property is zoned Commercial, Mixed Use

Utilities

  • Gas Available

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Class: Lots/Land
  • Type: 10,001 To 20,000 Sqft
  • Lvt Date: 11/11/2024
  • Development Status: Buildable Lot
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Town

Utilities

  • Utilities Available: Electric, Gas, Sewer, Water

Lot Info

  • Location: Corner
  • Lot Dimensions: 162X130
  • Number Of Acres: 0.4
  • Improvements: Sidewalks
  • Zoning: Commercial, Mixed Use

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2025 05/14/25 Price Changed $995,000 -17.1% --
11/11/2024 11/11/24 For Sale $1,200,000 -- --
Source: South Jersey Shore Regional MLS

Source: South Jersey Shore Regional MLS

MLS Number: 590722

South Jersey Shore Regional MLS