$1,100,000 206 N Iowa Ave Atlantic City, NJ

MLS: 556713   Type: Commercial   County: Atlantic   City: Atlantic City   Zip: 08401   Style: Commercial,Marina     Stories: 1   Taxes: $14,355

Mortgage $5,164 /mo



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Opportunities Await! Bring this once thriving Marina back to life or change it to a waterfront residential community! Sitting across the inland waterway from the old Bader Field and Baseball Stadium, its located with easy access to the inlet and back Bays. There are 8 lots total with a block 3,200 sq ft garage like structure with 8 bays included. 4 of the lots are taxable land under water with no yearly Riparian fee to the state. Imagine almost an acre of floating docks, slips and revenue! Another option is creating residential homes or condos. Look no further than a block over on Sunset Ave. They created 26' wide lots and included the waterfront land for added value. With proper approvals, that could yield around 10 properties. Could also do the condos plus the Marina aspect for residual income too. A lot to choose from. Also, an active marina with a 3,000+ sq ft building can be included for the right buyer at the right price. This property is on the other side of Iowa Ave. Boat slips are currently rented. This property screams a waterfront restaurant plus a marina with docks. The perfect sunset from both properties everyday! Get creative! *Sellers have completed a title search and there are no issues with the riparian grant.* *Sellers are open to selling the adjoining lots as well* Bring all offers!

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Price History

10/20/2021 Listed $1,100,000

Basement Slab
Listing Area Atlantic City
Location Bay Front, Water View
Parking Off Street
Sewer Public Sewer
Status Active
Status Active
Status Detail 0
Style Commercial, Marina
Tax Year 2020
Taxes 14355
Water Public
Year Built 1970

Interior Features

Stories 1

Exterior Features

Exterior Features Dock/Pier/Slip, Fence, Storage Building
Exterior/Siding Block
Lot Dimensions 288'x80'/350'x100' Rip+/-
Number of Buildings 1

Property Schools

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Gallery (11 photos)

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Property vs Zip Code Avg (08401)

Price 1.10M Avg 382K

Taxes $14,355 Avg $13,844

Visits 335 Avg 89

Days on Site 209 Avg 154

Walkscore® 86 Avg 86

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: GLEN COVE REAL ESTATE

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Location & Address

Glen Cove Real Estate
5467 Harding Hwy (Rt 40)
Mays Landing, NJ