For Sale 112 Indiana, Atlantic City, NJ, 08401

Buyers are solely responsible for all due diligence and certifications with the City of Atlantic City. This includes, but is not limited to: verifying permitted CBD uses for a lot of this specific size, understanding all building limitations, investigating utility connections, and securing all necessary permits and approvals. This will likely require significant effort with city planning.

Buyers are solely responsible for all due diligence and certifications with the City of Atlantic City. This includes, but is not limited to: verifying permitted CBD uses for a lot of this specific size, understanding all building limitations, investigating utility connections, and securing all necessary permits and approvals. This will likely require significant effort with city planning.

Asking Price $4,500,000 (4.5M) - Package Deal! Four lots | Blk 326 Lots 2, 5, 6 & 7 |complete block in the HIGHLY desirable CBD district! Likely THE LAST full block available in the CBD zone. Get in now, owner has priced to sell. No gamble here; just a fantastic opportunity to develop your next success story. On the corner of ML King Jr. Blvd., major thoroughfare in/out of the city, and historical Kentucky Ave. - across from ACCC\'s city campus. Key Aspects of the CBD Zone: Purpose: To promote and support core commercial, financial, retail, and entertainment functions vital to the city. Location: Primarily along major corridors like Atlantic and Pacific Avenues, within the broader CRDA (Casino Reinvestment Development Authority) Tourism District. Permitted Uses: Includes a wide range of activities like home occupations, multiple-family dwellings (upper floors), antique shops, bookstores, various retail stores, and potentially cannabis-related businesses as part of redevelopment efforts. https://www.acnj.gov/_Content/pdf/GREEN-ZONE-REDEVELOPMENT-FINAL-w-Exhibit-082222.pdf Redevelopment Focus: Part of the \"Green Zone\" redevelopment plan, aiming to address vacant properties and diversify offerings, attracting new businesses and revenue. Intensive Use: High land values and public convenience justify a greater intensity of development and activity compared to other commercial zones. *Tax & Assesment is the total for all lots