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$3,500,000
40 Days On Site

125 S Dr Martin Luther King Blvd
Atlantic City, NJ 08401

For Sale|Commercial Sale|Active
0
Beds
0
Full Baths
0
Partial Baths
121,000
SqFt
$29
/SqFt
1929
Built
County:
ATLANTIC
Listing courtesy of Levin Commercial Real Estate, LLC.
Call Now: 301-793-3614
Is this the home for you? We can help make it yours.
301-793-3614
125 S Dr Martin Luther King Blvd125 S Dr Martin Luther King Blvd125 S Dr Martin Luther King Blvd125 S Dr Martin Luther King Blvd
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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. The building closed a few years ago and was shut down and boarded up. Renovations and updating need to take place. Asking $27,777.777 per door. This is a doable project and the triple 7's tell you all you need to know! Located in the Federal Opportunity Zone with possible State and Federal Historic Tax Credits Available. The neighboring Parking Garage is owned by someone else. No information on the garage is available at the time this offering went to market.

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Listing Snapshot
Price 
$3,500,000
Days On Site 
40 Days
Bedrooms 
N/A
Inside Area (SqFt) 
121,000 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.36 Acres
Year Built 
1929
MLS® Number 
NJAC2015286
Status 
Active
Property Tax 
$132,902
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.36
Security 
Smoke Detector(s)
Sewer 
Public Sewer
SqFt Total 
121000
Water Source 
Public
Zoning 
Resort Commercial in the Tourism District
Interior Features
Cooling 
Central Air
Heating 
Forced AirZonedElectricNatural Gas
Interior 
Elevator
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Exterior Features
Construction Details 
Brick
Community Features
Accessibility Features 
Accessible Entrance
MLS Area 
Atlantic City (20102)
Listing courtesy of Levin Commercial Real Estate, LLC.



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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