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175 S Tennessee Ave - Super 8 by Wyndham Land Lease

0.44 Acres of Commercial Land Offered at £2,370,030 in 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 £2,370,030 Property Type Land
Sale Type Investment Property Subtype Commercial
Sale Conditions
1031 Exchange
  • Ground Lease Sold
 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 £2,370,030
Sale Type Investment
Sale Conditions
1031 Exchange
  • Ground Lease Sold
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 £2,370,030 Lot Size 0.44 AC
Price Per AC £5,433,605
Price £2,370,030
Price Per AC £5,433,605
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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 02-00054-0000-00023
  • 02-00054-0000-00037
  • 02-00054-0000-00038
  • 02-00054-0000-00039
 Improvements Assessment £816,870
Land Assessment £505,606 Total Assessment £1,322,477

PROPERTY TAXES

Parcel Numbers
Multiple
  • 02-00054-0000-00023
  • 02-00054-0000-00037
  • 02-00054-0000-00038
  • 02-00054-0000-00039
Land Assessment
£505,606
Improvements Assessment
£816,870
Total Assessment
£1,322,477
  • Anthony Miranda
    Anthony Miranda
  • Valentino Realty
(609) 868-7937

  • Listing ID: 33344255

  • Date on Market: 28/09/2024

  • Last Updated:

  • Address: 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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