A very rare opportunity to own a beachblock property with a long term land lease in place. Land lease tenant is the Super 8 Hotel along with certain parking lots. Lease is NNN and this is a prime investment for a 1031 exchange buyer. The addresses being sold are: 175, 181 and 187 South Tennessee Ave and 140, 142, 150, 154 and 158 South Ocean Avenue. For additional information feel free to call listing agent.
Property Details
Property Features
Listing Office:
Office Name: VALENTINO REALTY
Office Phone: (609) 344-2580
Other
Directions Information:
Directions: Beachblock Tennessee Avenue, Super 8 Hotel property
Price Information
Listing Price Info
Price Summary:
List Price: $3,000,000
Tax Information:
Annual Amount: $16,326
Tax Year: 2020
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Housing Market Comparison
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Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$16,326
$511,800
2019
$15,537
$390,000
2018
$13,779
$390,000
2017
$13,342
$390,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Brighton Avenue School
30 N Brighton Ave
Distance between this listing and this school1.23 miles
Public District Grades PK-5
8
/10
Ventnor Elementary School
400 N Lafayette Ave
Distance between this listing and this school3.96 miles
Public District Grades PK-4
9
/10
William H. Ross III Elementary School
101 N Haverford Ave
Distance between this listing and this school4.51 miles
Public District Grades PK-4
Nearby Schools
3
/10
Pennsylvania Avenue School
201 N Pennsylvania Ave
Distance between this listing and this school0.63 miles
Public District Grades PK-8
1
/10
New York Avenue School
411 N New York Ave
Distance between this listing and this school0.70 miles
Public District Grades PK-8
3
/10
Dr. Martin Luther King Jr. School Complex
1700 Marmora Ave
Distance between this listing and this school0.79 miles
Public District Grades PK-8
Nearby Schools
2
/10
Atlantic City High School
1400 N Albany Ave
Distance between this listing and this school2.79 miles
Public District Grades 9-12
2
/10
Pleasantville High School
701 Mill Rd
Distance between this listing and this school6.31 miles
Public District Grades 9-12
5
/10
Mainland Regional High School
1301 Oak Ave
Distance between this listing and this school8.10 miles
The neighbors living near this home have an average income of $25,049. The most common annual income of people living in Atlantic City, NJ is less than $35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 175 S Tennessee Ave
What is the listing price of this property?
The listing price of 175 S Tennessee Ave property is $3,000,000.
What type of property is this?
The property 175 S Tennessee Ave is land located in Atlantic City, New Jersey, 08401.
Is this property for sale now?
Active Listing: 175 S Tennessee Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $16,326 (source: MLS/based on county public records data).
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This home is located at 175 S Tennessee Ave in Atlantic City, NJ and zip code 08401 in the Downtown neighborhood. It has been listed on Rocket Homes since September 17, 2024 and is currently priced at $3,000,000.
Over 4 listings were sold over their listed price in November 2024 in Atlantic City, NJ. In the same period over 17 listings were sold below the listed price and 2 listings were sold for the listed price. The number of homes for sale in Atlantic City, NJ increased by 3.8% between October 2024 and November 2024. In November 2024 median list price was $239,633 and the average listing age was 73 days.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved. 
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