Active
125 S Dr Martin Luther King Blvd Blvd
Atlantic City NJ, 08401
$3,500,000
Active
Commercial
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.
590138
MLSⓇ ID
October 18, 2024
Listed
November 22, 2024
Updated
Map
125 S Dr Martin Luther King Blvd Blvd
Atlantic City NJ, 08401
Interior Features
Total Stories
13
Interior Features
Fire Sprinkler System
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Multi-Zoned
Exterior/Building Features
Lot Size
0.36 Acres
Exterior Features
Truck Door, Sign
Lot Features
Truck Door, Sign
Sewer
Public Sewer
Other Property Details
Area Name
Atlantic City
Taxes
$137,253
Tax Frequency
Annually
Garage
No
View
No
County
Atlantic
Water Source
Public
Pool
No
Waterfront
Yes
Listed by LEE JEROME with LEVIN COMMERCIAL REAL ESTATE, LLC
Listing Contact:
The IDX display contains information sourced from the South Jersey Shore Regional MLS as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 11/22/2024 at 10:22 PM UTC