125 S Dr Martin Luther King Blvd, ATLANTIC CITY, NJ

About 125 S Dr Martin Luther King Blvd

The Madison Hotel represents one of Atlantic City's most compelling redevelopment opportunities. Offered at $3,900,000, this iconic thirteen-story landmark combines an irreplaceable beach block location with an existing 126-suite layout, substantial building infrastructure, and access to numerous redevelopment incentive programs. Positioned within an Opportunity Zone and designated redevelopment area, the property is ideally suited for a visionary developer seeking to capitalize on Atlantic City's continued resurgence. Unlike many redevelopment opportunities, the groundwork has already begun. A previous contract purchaser invested considerable time evaluating the property's redevelopment potential, including clearing much of the building and reconfiguring the fourth floor to demonstrate a modern residential floor plan. While the next owner will ultimately determine the highest and best use, these efforts provide valuable insight into the building's adaptability while reducing some of the early planning required for a project of this scale.

Listing Map