1601 Arctic, Atlantic City, NJ 08401
Atlantic County
Key Facts
Description
Asking Price $4,500,000 (4.5M) - Package Deal! Four lots | Blk 326 Lots 2, 5, 6 & 7 |complete block in the HIGHLY desirable CBD district! Likely THE LAST full block available in the CBD zone. Get in now, owner has priced to sell. No gamble here; just a fantastic opportunity to develop your next success story. On the corner of ML King Jr. Blvd., major thoroughfare in/out of the city, and historical Kentucky Ave. - across from ACCC's city campus. Key Aspects of the CBD Zone: Purpose: To promote and support core commercial, financial, retail, and entertainment functions vital to the city. Location: Primarily along major corridors like Atlantic and Pacific Avenues, within the broader CRDA (Casino Reinvestment Development Authority) Tourism District. Permitted Uses: Includes a wide range of activities like home occupations, multiple-family dwellings (upper floors), antique shops, bookstores, various retail stores, and potentially cannabis-related businesses as part of redevelopment efforts. https://www.acnj.gov/_Content/pdf/GREEN-ZONE-REDEVELOPMENT-FINAL-w-Exhibit-082222.pdf Redevelopment Focus: Part of the "Green Zone" redevelopment plan, aiming to address vacant properties and diversify offerings, attracting new businesses and revenue. Intensive Use: High land values and public convenience justify a greater intensity of development and activity compared to other commercial zones. *Tax & Assesment is the total for all lots
Property Information
Property Type
Land
Lot Size
1.00 acres
Days on Market
111
MLS® Listing#
604082
Property Features
Lot Features
Financial Details
Annual Taxes
$32,955
Affordability Calculator
$900,000
Estimated monthly payment
$23,951/mo
Principal $3,600,000 · Est. interest $5,022,320 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Atlantic City, NJ
- $616,201
- Median Listing Price
- 48
- Median Days on Market
- 1,390
- Median Sq Ft
- $423
- Median Price / Sq Ft
- 3,248
- Active Listings
- This home’s price is 630% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Atlantic City, NJ.
Location
Getting Around
Points of Interest in Atlantic City, NJ
Showing the Atlantic City area map.
Nearby Schools
Indiana Ave School
School · 0.1 mi away
Oceanside Charter School
School · 0.2 mi away
Atlantic City Public Schools
Elementary · 0.3 mi away
New York Avenue School
Elementary · 0.3 mi away
Pennsylvania Ave School
Elementary · 0.5 mi away
Dr Martin Luther King School
Elementary · 0.7 mi away
New Jersey Avenue School
School · 0.7 mi away
Texas Avenue School
Elementary · 0.7 mi away
Atlantic City Schools
School · 0.8 mi away
Our Lady Star of the Sea Church
School · 0.8 mi away
Uptown School Complex
Elementary · 1.0 mi away
Brighton Avenue School
Elementary · 1.0 mi away
Sovereign Avenue School
Elementary · 1.2 mi away
Venice Park Elementary School
Elementary · 1.3 mi away
Richmond Avenue School
Elementary · 1.8 mi away
Chelsea Heights School
Elementary · 1.8 mi away
Atlantic City High School
Secondary · 2.4 mi away
Sea Tots Early Learning Center
School · 3.2 mi away
Ventnor Elementary School
Elementary · 3.8 mi away
Margate City School District
Secondary · 4.2 mi away
Commute Calculator
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| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 814 Wesley Road, Ocean City, NJ | $3,150,000 | 4 | — | — |
| 220 Northpoint Road, Ocean City, NJ | $3,185,000 | 4 | — | 2,300 |
| 603 E 12th St East Side Townhouse, Ocean City, NJ | $3,199,900 | 5 | — | 2,504 |
| 11 Beacon Hill Road, Atlantic Highlands, NJ | $3,199,999 | 5 | 5 | 5,253 |
| 3616 Pacific Ave, Wildwood City, NJ | $3,200,000 | — | — | 10,000 |
| 239 N Arizona, Atlantic City, NJ | $3,200,000 | 18 | — | 8,100 |
Moving Cost Estimate
EXIT Agents in Atlantic City
Listing Courtesy: HomeSmart First Advantage Realty - Northfield - 6096456000