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27032019
27032072

2201 Boardwalk, Atlantic City, NJ 08401

AG
PA RS293296
Avison Young - Suburban Philadelphia
Avison Young - Property Managment
Listed by Avison Young - Suburban Philadelphia, Avison Young - Property Managment
Unpriced
267 days on market
Updated 63 days ago
Opportunity zone

Former Trump Plaza Hotel & Casino

Details
Property Type Land, Special Purpose
Sub Type Residential, Commercial
Square Footage 1,870,000
Tenancy Single
Remaining Term 3
Lease Options No
Year Built 1985
Buildings 2
Acreage 10.700
Zoning Resort Commercial
Parking Spaces 2,658 spaces
Parking Per SqFt 1.42

Jersey Shore Beachfront Redevelopment Opportunity | Atlantic City, NJ

Marketing description

Avison Young is pleased to offer for sale the former Trump Plaza Hotel & Casino consisting of 10.2 acres of beachfront land along New Jersey’s coveted seaside real estate market.

Investment highlights

  • Prime beachfront real estate located within a Federal Opportunity Zone offering significant tax federal and capital gains reduction through redevelopment.

  • Consists of 302’ of frontage along the iconic Atlantic City Boardwalk. Each year, over thirty million people flock to this historic 4.2 mile stretch the world’s first and longest boardwalk which was first constructed in 1870.

  • Zoned RS-C, Resort Commercial District, which allows a wide range of residential, commercial and hotel uses. The site can accommodative over 3.5 million square feet of development based on the zoning’s allowable floor area ratio of 8.0.

  • New Jersey residential property values have increased 49% over the past five years with communities surrounding Atlantic City experiencing the highest growth.

Listing Contacts

AG
PA RS293296
Avison Young - Suburban Philadelphia
Avison Young - Property Managment
Listed by Avison Young - Suburban Philadelphia, Avison Young - Property Managment

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