$ 3,500,000
125 S Dr Martin Luther King Blvd Blvd Atlantic City, NJ 08401
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$ 3,500,000
Est. payment | /mo
0.36 Acres Lot
$ 3,500,000
Est. payment | /mo
0.36 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 590138
Annual Tax Amount $137,253
Tax Year 132902
Lot Size 0.360 Acres
Property Description
Welcome to the Madison Hotel. This building has graced the Atlantic City Skyline for generations and is aggressively priced to let the next owner bring it into the future. Thirteen stories located on the Beach Block right in the Center of Town. First floor common area contains a Beautiful Large Bar area off the Lobby, Dining room serviced by a commercial kitchen and a Grand Staircase. Second floor contains meeting rooms, executive offices and rentable suites. Floors 3-4 & 6-12 contain an existing 11 suite layout proving 99 suites over nine floors. According to public record in 2004 Sands Casino invested Seven Million Dollars into the Madison creating 126 Suites to complement their neighboring hotel/casino. The 2004 renovation combined two original rooms creating larger living spaces, some with two full baths.
Location
State NJ
County Atlantic
Community Atlantic City
Area Atlantic City
Location Details Beach Block,Boardwalk,Boardwalk Area,Water View
Interior
Interior Features Fire Sprinkler System
Heating Multi-Zoned
Exterior
Exterior Feature Truck Door, Sign
Waterfront Yes
Building
Story 13
Sewer Public Sewer
Water Public
Listed by LEVIN COMMERCIAL REAL ESTATE, LLC
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Angela Desch
Broker & Area Leader | Lic# 0226655