42 Multifamily Units in Atlantic City NJ 12% Cap
Updated: Jun 6
142 S Tennessee Ave Atlantic City NJ
15,240 SF Hospitality Building
Asking Price: $1,359,900 + 3% buyers fee
42 Room Historic Hotel
Atlantic City, NJ
Located a few minutes from the beach, this property has multiple redevelopment possibilities and is a true value add sale. There is an additional 3,500 SF of retail space on the ground floor previously operated as a bar.
4-story hotel building is located in the most visited city in New Jersey - Atlantic City. The property was built in 1925 and had complete renovations done in 2001, as well as a new exterior paint job in 2018. The hotel is comprised of 42 single bedrooms and a hotel lounge and restaurant. In addition to the hotel space, there is an additional 3,500 square feet of retail space on the ground floor. The property is located in an opportunity zone and is walking distance from the beach.
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