For Sale 508 Atlantic, Atlantic City, NJ, 08401

The perfect townhouse in the fastest growing area of Atlantic City, the Inlet. Plenty of room with 3 bedrooms, 11/2 baths, kitchen, dining, room, and living room. Totally renovated electric, plumbing, new windows doors, appliances and a new roof. and heating system . You are a short walk to the beach, the Boardwalk, the Hard Rock, and the Ocean Casino. Turn the key and move into great beach living. But what a great investment property !!! for rent or year round Airbnb. There are no limits to the investment possibilities\'

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.

Here is an excellent opportunity to own a renovated multi-dwelling in a fantastic location in Atlantic City. The property features a commercial space on the ground level and one rented studio apartment, currently occupied by a reliable tenant who pays $ 1,100 per month. Additionally, the 2nd and 3rd floors feature two fully renovated apartments, each equipped with brand-new bathrooms, kitchens, and appliances. The 2nd and 3rd-floor units are currently rented out as Airbnb properties, generating significant monthly income. The location is superb, with easy access to dining, shopping, and cultural centers, providing all necessary amenities within reach. It\'s just a block away from the famous casinos and beaches of Atlantic City. The whole building has views of the Absecon Lighthouse, the Ocean Casino, Hard Rock, and Showboat, with a new Waterpark.