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175 S Tennessee Ave - Super 8 by Wyndham Land Lease

0.44 Acres of Commercial Land Offered at $3,000,000 in Atlantic City, NJ 08401

Commercial Land New Jersey Atlantic City 175 S Tennessee Ave, Atlantic City, NJ 08401

Executive Summary

A very rare opportunity to own a beachblock property with a long term land lease in place. Land lease tenant is the Super 8 Hotel along with certain parking lots. Lease is NNN and this is a prime investment for a 1031 exchange buyer. The addresses being sold are: 175, 181 and 187South Tennessee Ave and 140, 142, 150, 154 and 158 South Ocean Avenue. For additional information feel free to call listing agent.

Property Facts

Price $3,000,000 Property Type Land
Sale Type Investment Property Subtype Commercial
Sale Conditions
1031 Exchange
  • Ground Lease (Leasehold)
 Total Lot Size 0.44 AC
No. Lots 1 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $3,000,000
Sale Type Investment
Sale Conditions
1031 Exchange
  • Ground Lease (Leasehold)
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 0.44 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price $3,000,000 Lot Size 0.44 AC
Price Per AC $6,877,894
Price $3,000,000
Price Per AC $6,877,894
Lot Size 0.44 AC

Description

Beachblock land w/ 71 room hotel on land as tenant

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Walk Score ®
Very Walkable (78)
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measures access to public transit. Bike Score®
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PROPERTY TAXES

Parcel Numbers
Multiple
  • 02-00054-0000-00023
  • 02-00054-0000-00037
  • 02-00054-0000-00038
  • 02-00054-0000-00039
 Improvements Assessment $1,034,000
Land Assessment $640,000 Total Assessment $1,674,000

PROPERTY TAXES

Parcel Numbers
Multiple
  • 02-00054-0000-00023
  • 02-00054-0000-00037
  • 02-00054-0000-00038
  • 02-00054-0000-00039
Land Assessment
$640,000
Improvements Assessment
$1,034,000
Total Assessment
$1,674,000
  • Anthony Miranda
    Anthony Miranda
  • Valentino Realty
(609) 868-7937

  • Listing ID: 33344255

  • Date on Market: 9/28/2024

  • Last Updated:

  • Address: 175 S Tennessee Ave, Atlantic City, NJ 08401

More public record information on 175 S Tennessee Ave, Atlantic City, NJ 08401

The Land Property at 175 S Tennessee Ave, Atlantic City, NJ 08401 is currently available For Sale. Contact Valentino Realty for more information.

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175 S Tennessee Ave - Super 8 by Wyndham Land Lease
(609) 868-7937 x

175 S Tennessee Ave - Super 8 by Wyndham Land Lease

Anthony Miranda

(609) 868-7937

(609) 868-7937

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