510 GRAMMERCY PLACE, ATLANTIC CITY, NJ 08401
ATLANTIC County
Key Facts
Description
Exciting Investment Opportunity by the Shore! Rare chance to own two connected lots in Atlantic City for one price — 510 Grammercy Avenue and 43 N Congress Avenue. Just three blocks from the beach the Ocean Casino, this location sits at the heart of the Inlet revitalization area, where new residential and commercial projects are already taking shape. Together, the lots offer a total of 2,187.5 sq. ft. (25 ft frontage on Grammercy and 87.5 ft depth along Congress), zoned RM-1 with flexible building potential. Whether you’re envisioning modern condos, multi-family housing, or another creative development, the possibilities are wide open with the proper approvals. With new condominiums recently completed just half a block away and additional improvements planned for the neighborhood, this is a prime moment to secure your stake in Atlantic City’s next chapter. Don’t miss out on this opportunity to build near the shore in a growing, vibrant community!
Property Information
Property Type
Land
Lot Size
0.04 acres
Lot Dimensions
25.00 x 70.00
Zoning
RM-1
Days on Market
173
MLS® Listing#
NJAC2020278
Property Features
Utilities
Water Source
Schools
- District:
- ATLANTIC CITY SCHOOLS
Financial Details
HOA
None
Annual Taxes
$476
Tax year 2024
Assessed Value
$13,800
Parcel Number
02-00306-00001
Directions
gps
Affordability Calculator
$14,000
Estimated monthly payment
$373/mo
Principal $56,000 · Est. interest $78,125 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in ATLANTIC CITY, NJ
- $616,595
- Median Listing Price
- 48
- Median Days on Market
- 1,400
- Median Sq Ft
- $405
- Median Price / Sq Ft
- 3,186
- Active Listings
- This home’s price is 89% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in ATLANTIC CITY, NJ.
Location
Points of Interest in ATLANTIC CITY, NJ
Showing the ATLANTIC CITY area map.
Nearby Schools
New Jersey Avenue School
School · 0.1 mi away
Uptown School Complex
Elementary · 0.2 mi away
Pennsylvania Ave School
Elementary · 0.4 mi away
Atlantic City Public Schools
Elementary · 0.6 mi away
New York Avenue School
Elementary · 0.8 mi away
Indiana Ave School
School · 0.9 mi away
Oceanside Charter School
School · 0.9 mi away
Dr Martin Luther King School
Elementary · 1.2 mi away
Texas Avenue School
Elementary · 1.5 mi away
Atlantic City Schools
School · 1.6 mi away
Our Lady Star of the Sea Church
School · 1.6 mi away
Venice Park Elementary School
Elementary · 1.7 mi away
Brighton Avenue School
Elementary · 1.8 mi away
Sovereign Avenue School
Elementary · 2.0 mi away
Sea Tots Early Learning Center
School · 2.5 mi away
Richmond Avenue School
Elementary · 2.6 mi away
Chelsea Heights School
Elementary · 2.6 mi away
Atlantic City High School
Secondary · 3.2 mi away
Brigantine Community School
Elementary · 4.2 mi away
Ventnor Elementary School
Elementary · 4.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 404 N. Ohio, Atlantic City, NJ | $49,000 | — | — | — |
| 702 N Broad St, Elizabeth City, NJ | $49,103/mo | — | — | 3,500 |
| 112 N Indiana, Atlantic City, NJ | $49,700 | — | — | — |
| 0 Shaffer, Egg Harbor City, NJ | $49,900 | — | — | — |
| 0 SHAFFER AVENUE, EGG HARBOR CITY, NJ | $49,900 | — | — | — |
| 217 SAN FRANCISCO AVENUE -259, EGG HARBOR CITY, NJ | $50,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in ATLANTIC CITY
Listing Courtesy: Prime Realty Partners - 8562103000