1408 Pacific Ave - Hospitality FOR SALE


Atlantic City, NJ 08401- Downtown Atlantic City
$3,500,000 USD
732-492-7666
1408 Pacific Ave, Atlantic City, NJ for Sale
$3,500,000 USD
Hospitality - FOR SALE
1/17
null | Request Cap Rate

1408 Pacific Ave
Atlantic City, NJ 08401
Downtown Atlantic City


HIGHLIGHTS

  • location, location, location..... Cannabis Green Zone, multifamily , condo.....Commercial

OVERVIEW

*Building is in shell condition. Subject Property: Current and Proposed Development At the time of site reconnaissance, the subject property was developed with a single five-story structure with a full basement and a mezzanine level above the first floor in the southern portion of the building- This structure was indicated to have been constructed in 1927 and was originally utilized as a meeting and social hall for the Knights of Columbus organization- The upper three stories were utilized as hotel/lodging rooms. This structure has a full basement with a concrete foundation slab, a steel structural frame, concrete masonry unit (CMU) and brick bearing walls, concrete floor and roof decks, and masonry exterior walls. The structure was vacant at the time of REPSO's survey, with interior demolition partially completed. The former boiler and utility rooms are located at the southeastern portion of the structure opposite Pacific Avenue.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$64 USD /SF

# OF ROOMS

99

PRICE/ROOM

$35,354 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Knights of Columbus Hotel-

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

F

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,994 SF

ZONING

Resort Commercial

APN/PARCEL ID

02-00053-0000-00001

ASK ABOUT THIS PROPERTY

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732-492-7666

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Jackie TsaiJackie 888More Info
732-492-7666

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