121,000 sqft

$3,900,000

125 S DR MARTIN LUTHER KING BLVD, ATLANTIC CITY NJ, 08401

Price per sqft$32.23

Built in1929

Property size121,000 sqft

Property typeCommercial

Overview

Active

Active-bright

Listed Jul 31, 2026

Updated 2h ago

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.

Additional information

MLS^® ID: NJAC2025876

Interior Features

Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.36 Acres

Listed by Levin Commercial Real Estate, LLC.
Listing Contact: 6093445200

The IDX display contains information sourced from the Bright MLS, Inc. as of 9/25/2026. 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.

Data last updated on 9/25/2026 at 7:09 PM UTC

Keller Williams