$450,000
$450,000
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916 Arctic Ave Atlantic City, NJ 08401
0.72 Acres Lot
Key Details
Sold Price $450,000
Property Type Vacant Land
Sub Type 20,001 SQFT to 1 Acre
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 584721
Annual Tax Amount $8,912
Tax Year 2024
Lot Size 0.720 Acres
Property Description
Very Large Buildable Lot in CBD Zone! Green Zone Approved for Cannibus Industry as well as Commercial/High Rise Mixed Use Zoned land within close proximity to Showboat, Indoor Island Water Park, Ocean Casino & Hotel, Hardrock Casino & Steel Peir, Resorts & Margaritaville, The Seed Brewery, The Little Water Distillery, Borgata, MGM, Harrahs, Golden Nugget & Farley Marina, The Absecon Lighthouse, Historic Gardners Basin, Gilchrest & Backbay Alehouse, The Atlantic City Aquarium, Fishing Jetties and Peirs, and of course only 4 blocks to the Jersey Shore Beaches of the Atlantic Ocean and the Worlds most Famouse Boardwalk! Zoning allows for 220' height-80% lot coverage. Commercial required on first floor-balance can be mixed use-condos-apts-etc. parking requirements vary by use. Phase 1 can be provided after an accepted offer. No architect plans has been done & this is a AS IS land sale. Lot size = 26,280 sf FAR = 8.0 for CBD Max Building Size = 210,240 sf Max Height = 220ft Allowable Buildable Area = 19,705 sf210,240 sf/19,705 sf = 10.66 floors 10 floors @ 14' F/F = 140' (estimate)
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Zoning Commercial,Mixed Use,Multi Family
Exterior
Utilities Available Cable, Electric, Gas, Sewer, Water
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