125 S Dr Martin Luther King Blvd Blvd Active

Atlantic City,NJ 08401

$ 3500000

- Bed

- Bath

- SqFt


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

Building

Story 13

Sewer Public Sewer

Water Public

View More
Favorite Go Tour