Waterfront
Address
206 N Iowa Ave, Atlantic City, NJ
Price
$ 1,100,000
Property Attributes
- MLS#556713
- TypeCommercial
- CountyATLANTIC
- CityAtlantic City
- AreaAtlantic City
- Zip08401
- StyleCommercial,Marina
- Year Built1970
- Taxes$ 14355
- Price$ 1,100,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Listing Provided Courtesy Of:
GLEN COVE REAL ESTATE
Data Source:
South Jersey Shore Regional MLS (SJSRMLS)
Property Description
Opportunities Await! Bring this once thriving Marina back to life or change it to a waterfront residential community! Sitting across the inland waterway from the old Bader Field and Baseball Stadium, its located with easy access to the inlet and back Bays. There are 8 lots total with a block 3,200 sq ft garage like structure with 8 bays included. 4 of the lots are taxable land under water with no yearly Riparian fee to the state. Imagine almost an acre of floating docks, slips and revenue! Another option is creating residential homes or condos. Look no further than a block over on Sunset Ave. They created 26' wide lots and included the waterfront land for added value. With proper approvals, that could yield around 10 properties. Could also do the condos plus the Marina aspect for residual income too. A lot to choose from. Also, an active marina with a 3,000+ sq ft building can be included for the right buyer at the right price. This property is on the other side of Iowa Ave. Boat slips are currently rented. This property screams a waterfront restaurant plus a marina with docks. The perfect sunset from both properties everyday! Get creative! *Sellers have completed a title search and there are no issues with the riparian grant.* *Sellers are open to selling the adjoining lots as well* Bring all offers!
| Price History | |
|---|---|
| 10/20/2021 | Listed $1,100,000 |
General Features
| Basement | Slab |
|---|---|
| Class | COMMERCIAL/INDUSTRIAL |
| Listing Area | Atlantic City |
| Location | Bay Front, Water View |
| Parking | Off Street |
| Sewer | Public Sewer |
| Status | Active |
| Status | Active |
| Style | Commercial, Marina |
| Tax Year | 2020 |
| Taxes | 14355 |
| Water | Public |
| Year Built | 1970 |
Interior Features
| Stories | 1 |
|---|
Exterior Features
| Exterior Features | Dock/Pier/Slip, Fence, Storage Building |
|---|---|
| Exterior/Siding | Block |
| Lot Dimensions | 288'x80'/350'x100' Rip+/- |
| Number of Buildings | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 08401
Price
Taxes
Visits
Year Built
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