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- LoopNet Team
142 S Tennessee Ave
Atlantic City, NJ 08401
Price Reduced! | 42 Units | Great Potential · Hospitality Property For Sale
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15,264 SF
INVESTMENT HIGHLIGHTS
- The hotel comes equipped with 42 single rooms, a hotel lounge and restaurant.
- The building exterior was newly painted in 2018.
- The property is located beach block to ocean.
- There is additional retail space on the ground floor
- The property is located in an Opportunity Zone.
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 15,264 SF |
| Property Subtype | Hotel | No. Stories | 4 |
| Building Class | C | Year Built | 1901 |
| Lot Size | 0.11 AC | Corridor | Interior |
| Zoning | RS-C - Resort Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 15,264 SF |
| No. Stories | 4 |
| Year Built | 1901 |
| Corridor | Interior |
| Zoning | RS-C - Resort Commercial |
AMENITIES
- Balcony
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Public Access Wifi
ABOUT 142 S TENNESSEE AVE , ATLANTIC CITY, NJ 08401
This 15,240 square foot, 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 with low rate financing through the opportunity zone office and is walking distance from the beach. Current use of property as a rooming house must be changed to hotel upon sale to new owner. Property Contact: Michael Weisberg 215-681-6888 or weisberg.m@gmail.com
PROPERTY TAXES
| Parcel Number | 02-00053-0000-00017 | Improvements Assessment | $998,854 |
| Land Assessment | $172,216 | Total Assessment | $1,171,071 |
PROPERTY TAXES
