PA Picks – You May Hit the Jackpot with These Atlantic City Auctions

September 2nd, 2014 by Ori Klein

Many beach communities have been getting some attention lately, and not just because of the summer season. Atlantic City has been recently topping the headlines as a hotbed of opportunity for real estate investors. This week PA is scoping out some prime properties hitting the auction block in the renowned Jersey Shore oceanside casino town.

Check out AuctionAdvisors’ 2-story, 8,000sf nightclub directly adjacent to the Atlantic Palace Hotel & Suites and just steps from the boardwalk in Atlantic City. Recently renovated, this commercial property is fully loaded with of 5 bars (3 on the first floor and 2 on the second), 2 DJ booths, new lighting system, 2 sets of men/women bathrooms and a basement for storage. All furniture, fixtures and equipment are included in the sale, and a liquor license will be offered concurrently to qualified bidders. PA is picking this one for its vast potential, zoned RS-C (Resort/Commercial) offering the lucky winning bidder a host of possible uses. Auction date is September 18th.

Also from AuctionAdvisors is a 40’ x 100’ development lot in the South Inlet section of Atlantic City. Cleared and level, this lot is set in one of the last remaining regions of large developable areas in the town. Zoned RS-C (Resort/Commercial), this property has a plethora of potential uses including residential, commercial and resort. PA digs this one for its stellar location, mere steps from the ocean on Pacific Avenue and directly in the Atlantic City Tourism District. Auction date is September 19th.

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