Former Trump Plaza Hotel & Casino
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.
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