#583316, Listing Office: BHHS FOX and ROACH-Margate
Property details
About 511-521 Pacific Ave
Totally a strategic and unique property which spans three contiguous lots totaling 17,129 square feet, covering the entire frontage of Pacific Avenue between South Connecticut and Congress Avenues. At this busy intersection, you'll find a well-positioned, two-story, 3,900-square-foot building on the corner lot, directly across from the new luxury apartment complex 600 NoBe and the Bella Luxury Condo Tower. Corner Visibility: The fenced-in corner lot at Pacific and South Connecticut—a main access route to the Ocean Resort Casino—boasts high traffic and visibility. Fully Leased Parking Lot: The middle lot serves as a fully leased parking facility, generating steady revenue. Also close to Showboat water park faciility. Development-Ready Building Shell: On the right side, the building shell presents endless potential for multi-family, commercial, or mixed-use redevelopment. Strategic Location: Located within the CRDA Tourism District, this site is newly zoned LH-1, opening the door for a range of investment opportunities. Just two blocks from the beach, this property is ideal for capitalizing on Atlantic City's growth. There is development potential here! Buildable lots must be a minimum 7,500 SQFT per lot is required for development, allowing these lots to be consolidated into a single project. Multi-Unit & Mixed-Use Capabilities: With the combined square footage, the property can support up to 10 multi-family units with 20 required parking spaces, or commercial uses on the ground level. This is an incredible opportunity to invest in Atlantic City's growing tourism and residential sectors—don't miss out on the chance to create a landmark development in this prime development location.
Highlights
Summary
- MLS Number: 590722
- Office Name: FARLEY and FERRY REALTY, INC
- Office Phone: (609) 822-1836
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Last updated on: 2/3/2025, 9:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,200,000
511-521 Pacific Ave
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Price information
Property sales
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Nearby schools
3
Brighton Avenue School
Public District PK-5
0.4 mi
•30 N Brighton Ave
8
Ventnor Elementary School
Public District PK-4
2.4 mi
•400 N Lafayette Ave
9
William H. Ross III Elementary School
Public District PK-4
3.0 mi
•101 N Haverford Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $52,148. The most common annual income of people living in Atlantic City, NJ is less than $<35k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
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Frequently asked questions
About 511-521 Pacific Ave
This home is located at 511-521 Pacific Ave in Atlantic City, NJ and zip code 08401 in the Chelsea neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $1,200,000.
In January 2025 more than 3 listings in Atlantic City, NJ were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 8 were sold below. Between December and January 2025, Atlantic City, NJ real estate market has seen increase in the number of listings by 8.8%. The median list price of listings available in January 2025 was $239,987, while the average time on the real estate market was 103 days.