511-521 Pacific Ave, Atlantic City, New Jersey, United States | Residential Land For Sale at GLOBAL LISTINGS

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Residential Land For Sale

$1,200,000

511-521 Pacific Ave
Atlantic City, New Jersey, United States

0 acres

Listed By: Homes & Land Magazine

Listed On: 05/05/2025

Listing ID: GL12053876 View More Details

Description

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#039;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 Connecticutmdash;a main access route to the Ocean Resort Casinomdash;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#039;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 amp; 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#039;s growing tourism and residential sectorsmdash;don#039;t miss out on the chance to create a landmark development in this prime development location.