MLS#NJAC2021602
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLATLANTIC CITY SCHOOLS
Property Description
Opportunity meets vision at 111 Oriental Avenue, a property positioned just steps from the Atlantic City Boardwalk and the oceanfront. The structure has already been gutted and fit out for six units - five two-bedroom, one one-bedroom - all with one bath, in accordance with the City's current six-unit limit. A variance would be required for any additional units, including the potential to reactivate the basement level which was once utilized for living space. The groundwork has been laid with all brand-new windows installed, plywood flooring in place, and a full basement offering added flexibility pending approvals. What makes this offering compelling is not only the existing configuration, but the location. With direct ocean views, immediate access to the beach, and proximity to the Ocean Casino Resort and the surrounding corridor of redevelopment, this is the kind of project where smart capital and strong execution will capture the momentum of a market in transition. The area is benefiting from ongoing investment and revitalization, creating the conditions for significant upside in both short-term rental strategies such as Airbnb and long-term, stabilized income approaches.
Property Features
Property Type: Commercial -
Basement: Yes
Cooling: None
Fuel Type: None
Heating: None
Lot Size: 0.09 Acres
Roof Type: Flat
Taxes: $6,759
Year Built: 1950
Feature Descriptions
Days on Site: 145
Exterior: Brick, Stucco
Lake Name: Atlantic Ocean
Location: Urban
Lot: Flood Plain
Lot Dimensions: 0.09 Acre(S)
Municipality: ATLANTIC CITY
Sewer: Public Sewer
Special View Info: Ocean
Total Garage/Parking Spaces: 0
Units: 6
Utilities: Natural Gas Available, Sewer Available, Water Available
Water: Public
Local Schools
School District: ATLANTIC CITY SCHOOLS
Listed By / Shown By
Listed By
Agency Name: EXP Realty, LLC
Agency Phone: 8662016210
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
111 Oriental Avenue | MLS# NJAC2021602
This commercial property located at 111 Oriental Avenue, Atlantic City, NJ 08401 is currently listed for sale with an asking price of $999,000. Oriental Avenue is located within the ATLANTIC CITY SCHOOLS school district. Search Atlantic City real estate on www.realtymarkllc.com today.