A constructing that when housed the strip membership Previous Delilah’s Den is up for public sale, providing builders an opportunity to deliver a recent look to a spot seen to hundreds of thousands of vacationers yearly in Atlantic Metropolis.
The vacant property sits throughout from Boardwalk Corridor within the heart of town’s vacationer district.
The New Jersey On line casino Reinvestment Growth Authority purchased the property 4 years in the past for $1.25 million, and is now hoping to promote it at public sale this week, with bidding beginning at $150,000.
“It’s a really unique location with a with a very attractive, aggressive auction,” stated Michael Chait of the CRDA.
The constructing presently nonetheless has remnants of the previous strip membership on the primary and second flooring, with unfinished residences on the third degree.
“The best use is mixed use some apartments upstairs, and some sort of retail or coffee shop or something downstairs,” stated Norm Zimmer of Max Spann Actual Property and Public sale Firm.
The CRDA beforehand held an public sale in 2023, the place they rejected a bid of $370,000 for the property.
This time, the CRDA, in addition to residents within the space, hope one thing extra productive comes from the public sale.
“That’s a extremely dangerous look as a result of it’s deserted and stuff like that,” Ali Dar, a resident of Atlantic Metropolis, stated of the property’s present state.
Chait agreed, saying, “When you have an opportunity like this to auction off a property for redevelopment and reinvestment that you’ve see take place in other parts of the city, like Tennessee Avenue, that’s what we want to see here on for this piece of property.”
