MLS#NJAC2025876
STATUSACTIVE
PROPERTY TYPECommercial - Business
SCHOOLATLANTIC CITY SCHOOLS
Property Description
The Madison Hotel represents one of Atlantic City's most compelling redevelopment opportunities. Offered at $3,900,000, this iconic thirteen-story landmark combines an irreplaceable beach block location with an existing 126-suite layout, substantial building infrastructure, and access to numerous redevelopment incentive programs. Positioned within an Opportunity Zone and designated redevelopment area, the property is ideally suited for a visionary developer seeking to capitalize on Atlantic City's continued resurgence. Unlike many redevelopment opportunities, the groundwork has already begun. A previous contract purchaser invested considerable time evaluating the property's redevelopment potential, including clearing much of the building and reconfiguring the fourth floor to demonstrate a modern residential floor plan. While the next owner will ultimately determine the highest and best use, these efforts provide valuable insight into the building's adaptability while reducing some of the early planning required for a project of this scale.
Property Features
Property Type: Commercial - Business
Cooling: Central A/C
Fuel Type: Natural Gas, Electric
Heating: 90% Forced Air, Zoned
Lot Size: 0.36 Acres
Taxes: $0
Year Built: 1929
Feature Descriptions
Accessibility: Elevator, Ramp - Main Level
Days on Site: 30
Exterior: Brick, Masonry
Location: Free Standing
Lot Dimensions: 0.36 Acre(S)
Municipality: ATLANTIC CITY
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Water: Public
Local Schools
School District: ATLANTIC CITY SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Levin Commercial Real Estate, LLC.
Agency Phone: 6093445200
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
125 S Dr Martin Luther King Blvd | MLS# NJAC2025876
This commercial property located at 125 S Dr Martin Luther King Blvd, Atlantic City, NJ 08401 is currently listed for sale with an asking price of $3,900,000. S Dr Martin Luther King Blvd is located within the ATLANTIC CITY SCHOOLS school district. Search Atlantic City real estate on www.realtymarkllc.com today.