1408 Pacific AveAtlantic City, NJ 08401

This exceptional redevelopment opportunity presents a 54,972 square foot, five-story building situated on a corner lot in Atlantic City, New Jersey. Originally constructed in 1927 as a Knights of Columbus Hall, this property boasts a rich history and stunning architectural details, including gorgeous exterior craftsmanship. Currently, the interior is gutted and ready for complete rehabilitation, offering a blank canvas for a variety of uses. Approved plans exist for 70 condos or a 99-unit hotel, making this an ideal project for student housing, hotel/motel rooms, office space, or retail. The building features a new roof and windows, and its prime beach block location, just off the boardwalk, provides unparalleled access to Atlantic City's vibrant entertainment and leisure scene. The property is zoned RSC (Resort Commercial), offering significant flexibility for development. With 99 keys and a price of $63.67 per square foot, this $3,500,000 investment presents a unique chance to capitalize on Atlantic City's resurgence. The building has a full basement, concrete foundation, steel frame, and CMU and brick bearing walls. The property's location on Pacific Avenue offers convenient access to public transportation. This is a truly remarkable opportunity for a developer seeking a high-impact project in a prime location.