85 units-2 Buildings-3 Lots in Atlantic City, NJ

85 units-2 Buildings-3 Lots in Atlantic City, NJ

Occupied Income Producer

85 Units – Two Buildings – Three Lots in Atlantic City, NJ
Occupied Income Producer– Approximately $650,000 Gross Annual Income

  • Beach Block in the Orange Loop Entertainment District
  • Hotel and Rooming House Licenses Included
  • Federal Economic Opportunity Zone
  • Steps from the famed Boardwalk, Casinos, Irish Pub and Beach 

Sealed Bids Due September 20, 2022 at 11 am

Property Previews 3-5 pmThursday, September 1st & Friday, September 9th

Take the next step!
Join the bidders-club, click on the confirmation link in your email inbox/junk folder, then return to this page and click on the large red button on the left side of this page to register for the auction and download the property information package.

Questions? Call 888-299-1438 or email auctions@maxspann.com

I, the undersigned, agree to the following terms and conditions, should I be the high bidder.

Auction Day Requirements:   

  1. All bids will be due by Tuesday, September 20th @11 AM Eastern Daylight Time delivered via email, fax, FedEx, or hand delivered to Max Spann Real Estate Auction Co., 1325 Route 31 South, Annandale, NJ  08801.  All bidders must be pre-registered.  Initial deposit in the amount of 10% of the total contract amount is due within 48 hours of written notice of acceptance of bid to Max Spann Real Estate and Auction Company.  NO EXCEPTIONS PLEASE!
  2. The Successful Bidder shall not be permitted to withdraw his/her/its bid. A 10% Buyer’s Premium will be added to the bid price and become the final Contract Price.
  3. I have read the terms of this sale, printed in the Property Information Package (PIP) and said terms are incorporated herein by reference, as are any public announcements made sale day. I recognize that this is an Auction Sale and is not subject to a three-day attorney review period. I will review Property Information Package, the contract of sale prepared by Seller’s Counsel prior to participating in the auction. I recognize this sale is subject to seller’s confirmation and acceptance.
  4. If any check or wire transfer given in payment is not honored for any reason, I agree, whether said check be signed by me as maker or endorser, that if such check is placed in the hands of any attorney for collection, to pay all reasonable attorney’s fees, together with all costs of suit in the event is instituted.
  5. Auctioneer reserves the right to add or delete property from this auction or to alter the order of sale from that published herein. Failure to inspect property prior to auction does not relieve purchaser of contractual obligations of purchase. ALL ANNOUNCEMENTS MADE AT THE AUCTION TAKE PRECEDENCE OVER ALL ADVERTISING OR PREVIOUSLY STATED TERMS.
  6. Bidder represents warrants and acknowledges that the property is being auctioned by Max Spann Real Estate & Auction Co.  (“Spann”) in an "AS IS" and "WHERE IS" condition subject to all faults, and specifically and expressly without any warranties, representations or guarantees, either express or implied, of any kind, nature, or type whatsoever from Spann in its own capacity or as the agent, servant or employee of the seller of the property.  Bidder further acknowledges that Spann has not made any independent investigation of the condition of the property or examined, verified or confirmed the validity of any information, documents, literature, maps or sketches, pro-forms, or any other written documents provided in the Property Information Packet. 
  7. Bidder and Bidder’s heirs, transferees, administrators, personal representatives, trustees, successors and assigns, forever waive, release, discharge and hold Spann harmless, from any claim it has, might have had, or may have against Spann with respect to:
         a.      The condition of the Premises, either patent or latent, of any nature whatsoever, including environmental contamination;
         b.      Buyer's ability or inability to obtain or maintain building permits, temporary or final certificates of occupancy or other licenses for the use or operation of the Premises, and/or certificates of compliance for the Premises;
        c.       The actual or potential income or profits to be derived from the Premises;
        d.      Any other state of facts which exist with respect to the Premises which at the time of closing were not the subject of actual knowledge on the part of Seller.      

By signing below, I agree to terms and conditions.