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Jonathan Granlund

jongranlund10@gmail.com +1(703) 537-6747

Listed by Hader Rivas • EXP Realty, LLC

$799,000

Est. payment - /mo

3,920 Sqft Lot

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID NJAC2021602

Year Built 1950

Annual Tax Amount $6,759

Tax Year 2025

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 50x80

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Opportunity meets vision at 111 Oriental Avenue, a property positioned just steps from the Atlantic City Boardwalk and the oceanfront. The structure has already been gutted and fit out for six units - five two-bedroom, one one-bedroom - all with one bath, in accordance with the City's current six-unit limit. A variance would be required for any additional units, including the potential to reactivate the basement level which was once utilized for living space. The groundwork has been laid with all brand-new windows installed, plywood flooring in place, and a full basement offering added flexibility pending approvals. What makes this offering compelling is not only the existing configuration, but the location. With direct ocean views, immediate access to the beach, and proximity to the Ocean Casino Resort and the surrounding corridor of redevelopment, this is the kind of project where smart capital and strong execution will capture the momentum of a market in transition. The area is benefiting from ongoing investment and revitalization, creating the conditions for significant upside in both short-term rental strategies such as Airbnb and long-term, stabilized income approaches.

Location

State NJ

County Atlantic

Area Atlantic City (20102)

Zoning RS-C

Interior

Hot Water None

Heating None

Cooling None

Heat Source None

Exterior

Utilities Available Natural Gas Available, Sewer Available, Water Available

Water Access N

View Ocean

Roof Type Flat

Accessibility None

Garage N

Building

Lot Description Flood Plain

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Atlantic City Schools

Others

Tax ID 02-00080-00008

Ownership Fee Simple

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

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Nearby Locations

"Jon's passion for real estate and his love for Virginia are a perfect match. He has made it his mission to help local residents sell their homes quickly and at the best possible prices. Equally, he takes immense pride in assisting homebuyers in finding their perfect piece of paradise in Virginia."

+1(703) 537-6747

jongranlund10@gmail.com

1765 Greensboro Station Pl, McLean, VA 22102

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111 ORIENTAL AVE Atlantic City, NJ 08401