Five acres of developable American history. Set directly on the world-famous Atlantic City Boardwalk, the Steel Pier is that rarest of offerings: a piece of developable American history extending straight into the Atlantic Ocean.
At $85 million, it gives a buyer something almost impossible to find on the East Coast - true oceanfront acreage with the rights to build on it - paired with a built-in helipad, formerly approved condo-hotel entitlements, and more than a century of story.
The pier structure measures 150 feet wide and 965 feet long, anchored 90 feet into bedrock that remained intact through Superstorm Sandy. A perpetual riparian grant permits extension up to 2,850 feet into the Atlantic. The approximately 40,000-square-foot front building, including the sky bridge and roof, carries an easement into the adjacent Hard Rock Hotel + Casino, and a 25% expansion of the existing pier footprint can be completed.
"How often does someone get to own a piece of the ocean? That's exactly what this offers. The Steel Pier isn't just five acres on the most famous boardwalk in the world - it actually offers the chance to own the Atlantic itself and build something unforgettable on top of it. There is nothing else like it on the East Coast."
Ryan Serhant, Founder & CEO, SERHANT.
A perpetual riparian grant permits extension to 2,850 feet into the Atlantic. The pier historically reached 2,300 feet. A 2008 approval formerly permitted hotel, residential, entertainment, and commercial development.
Perpetual grant to extend to 2,850 feet. No expiration. No renewal. The only pier on the Atlantic Seaboard with this right.
A condo-hotel entertainment complex was formerly approved in 2008. Hotel, entertainment, and commercial components were included in the approval.
Anchored 90 feet into bedrock. Survived Superstorm Sandy. Recent electrical, structural, and kitchen upgrades throughout.
Private sky bridge to Hard Rock Hotel & Casino Atlantic City. Built-in foot traffic from one of the boardwalk's highest-volume properties.
Built-in helipad at the pier's end. VIP arrivals, excursion services, emergency operations. Fully permitted.
Licensed amusement park with rides, F&B, events, and helicopter tours. Appraised at $87 million. Generating revenue now.
This is not speculative. The numbers are already moving.
Casino revenue is at record highs. Hard Rock, Ocean, and Borgata ranked among the highest-grossing casinos in the country in 2025. The Tropicana just opened a new tower. Air access to Atlantic City is expanding. A $26 million Boardwalk reinvestment project was just completed.
Competing vacant boardwalk properties - the former Atlantic Club Casino Hotel, Trump Plaza - are also marketing for redevelopment. The corridor is repositioning. Steel Pier sits at the center of it, connected to the Hard Rock by sky bridge, with entitlements already in place and a perpetual right to build into the ocean that no other property on the Atlantic Seaboard has.
The property was recently appraised at $87 million. It is listed at $85 million. Something almost impossible to find on the East Coast is available right now.
A concept study by WATG examines vessel berthing alongside the pier, with the riparian grant extending 2,850 feet beyond the existing structure. Space enough to imagine an entirely new waterfront program built around the pier itself.
Renderings credited to WATG, dated August 26, 2019. They illustrate one possible use of the riparian area and carry no approvals.
Originally constructed in 1897 and opened in 1898, the Steel Pier was once billed as the "Showplace of the Nation," stretching nearly 2,300 feet at its peak and drawing crowds through Atlantic City's heyday as a great American leisure capital. Rebuilt with steel-reinforced concrete in the late 1980s to hold a fifteen-story complex, the site has served as a filming location for The Long Kiss Goodnight, The Bounty Hunter, Five Dollars a Day, and television series including Cake Boss.
The opportunity arrives as Atlantic City enters a new era of momentum. New residential projects are reshaping the surrounding blocks, including Kushner Companies' Caspian Point, K. Hovnanian's South Inlet townhomes, Colosseo's Chelsea townhomes, and the Residences at the Orange Loop.
"This is a generational asset that calls for a generational buyer. With SERHANT's reach, we're taking it to a national and international audience of hospitality, entertainment and development groups who understand exactly how rare an oceanfront canvas like this is. Now, it's time for someone with a bold vision to carry it forward. It deserves a next chapter as big as its history."
Anthony Catanoso, President, Atlantic Pier Amusements, Inc.
News coverage and tours of Steel Pier.
Over 20 years of Long Beach Island real estate expertise. Kevin transitioned into real estate following a career in HR, sales, marketing, and management consulting. His background includes founding an e-marketing startup for government clients and serving as president of a management consulting firm. A long-time LBI resident, Kevin spent summers renting homes with his family until buying a summer home that became his full-time residence. His love of the island grew from sharing it with his three children to now watching his seven grandchildren enjoy LBI year round. As Licensed Real Estate Salesperson at SERHANT. at SERHANT., Kevin brings unmatched local knowledge to every transaction.
Listen to Inside LBI - Kevin's podcast about Long Beach Island →
Twenty years of experience spanning sales, coaching, recruitment, brand stewardship, and office management. As Broker of Record for SERHANT. New Jersey, Michele handles company compliance and recruits agents while establishing the brokerage locally. She has an exceptional record of driving profitability and expansion across three companies, having managed rosters of up to 600 agents across seven offices. A leading authority on New Jersey real estate law, compliance, disclosures, and contracts. A lifelong New Jersey resident from Berkeley Heights who attended Fairleigh Dickinson University.
Founder and CEO of SERHANT., a multidimensional real estate brokerage at the intersection of media, entertainment, education, and technology. Star and executive producer of Netflix's Owning Manhattan. Nearly $10 billion in career sales. Led the #1-ranked residential real estate sales team in NYC for over a decade. In September 2020, Ryan launched SERHANT., which has become the most-followed real estate brand in the world with over 9.5 million followers. The firm operates in 14 states. Three-time bestselling author and host of the Big Money Energy podcast.
Contact Kevin for a confidential briefing, property tour, or development consultation.
Contact Agent
