Opportunity meets vision at 111 Oriental Avenue, a property positioned just steps from the Atlantic City Boardwalk and the oceanfront. The structure has already been gutted and fit out for six units - five two-bedroom, one one-bedroom - all with one bath, in accordance with the City's current six-unit limit. A variance would be required for any additional units, including the potential to reactivate the basement level which was once utilized for living space. The groundwork has been laid with all brand-new windows installed, plywood flooring in place, and a full basement offering added flexibility pending approvals. What makes this offering compelling is not only the existing configuration, but the location. With direct ocean views, immediate access to the beach, and proximity to the Ocean Casino Resort and the surrounding corridor of redevelopment, this is the kind of project where smart capital and strong execution will capture the momentum of a market in transition. The area is benefiting from ongoing investment and revitalization, creating the conditions for significant upside in both short-term rental strategies such as Airbnb and long-term, stabilized income approaches.
Directions: Atlantic Ave to New Hampshire to Oriental Ave
Interior Features
Heating: None
Heating Fuel: None
Cooling: None, None
Water Heater: None
Has Basement: Yes
Total Number of Units: 6
Accessibility: None
Ceiling Height: 8' to 10', 10' to 12'
Exterior Features
Stories: 4
Is New Construction: No
Construction: Brick, Stucco
Foundation: Brick/Mortar
Roof: Flat
Septic or Sewer: Public Sewer
Utilities: Natural Gas Available, Sewer Available, Water Available
Has Garage: No
Parking Spaces: 0
Site Description: Urban
Lot Features: Flood Plain
Lot Size in Acres: 0.09
Lot Size in Sq. Ft.: 3,920
Dimensions: 50x80
Zoning: RS-C
Building Total Area (Sq. Ft.): 4,620
Water Body Type: Cove
Has Waterfront: No
Has Water View: Yes
Has Water Access: No
View Description: Ocean
School
School District: ATLANTIC CITY SCHOOLS
Additional Information
ListDate: 2025-11-06 00:00:00.0
Possession: Immediate
Property Type: COM
Property SubType: Commercial Sale
Year Built: 1950
Status: Active
Tax Year: 2025
Tax Amount: $6,759
Ownership Interest: Fee Simple
Available For Lease: No
Business Type: Apartment Building
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.