Grace Realty - Ocean City New Jersey & Marmora
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OCEAN CITY, NJ: (609) 398-6200 ~ 3400 Central Avenue, Ocean City, NJ 08226
OCEAN CITY, NJ: (609) 398-1776 ~ 1401 Ocean Ave, Ocean City, NJ 08226
MARMORA: (609) 390-3303 ~ 904 S. Shore Road, Marmora, NJ 08223

125 S Dr Martin Luther Ki,Atlantic City NJ - Active

Price: $3,500,000
Type: COMMERCIAL/INDUSTRIAL
MLS: 590138
  Bedrooms: 0
Baths: 0   Half Baths: 0
Lot Size: 105x151

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.

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   PROPERTY FEATURES
Status: Active
Lot Dimensions: 105x151
Water: Public
Location: Beach Block,Boardwalk,Boardwalk Area,Water View
Sewer: Public Sewer
Heating: Multi-Zoned
Interior Features: Fire Sprinkler System
Listing Courtesy of LEVIN COMMERCIAL REAL ESTATE, LLC.
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Grace Realty
  Toll Free: 1 (800) 296-HOME
  Central Ave, OC: (609) 398-6200
  Ocean Ave, OC: (609) 398-1776
  Marmora: (609) 390-3303
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