For Sale 617 8th, Ocean City, NJ, 08226

This is the very BEST VALUE-ADD ON THE JERSEY SHORE ISLAND RESORT MARKET! Current Cash Flow Valuations are at a 9%+ CAPRATE which makes this fabulous buy an INVESTOR\'S DREAM INCOME AQUISTION OPPORTUNITY & WITH TONS OF UPSIDE! The Blue Water Inn Hotel is a 40-Unit Mixed Use commercial investment property, with parking! This income producing gem is centrally located on a HIGH TRAFFIC CORNER of 8th & Ocean Ave in the very HEART OF THE HOTEL/ HOSPITALITY DISTRICT & situated on a whopping 135\' x93.05 lot just a couple blocks from Ocean City\'s white sand beaches and bustling World Famous Boardwalk. The property features a total of40units which consists of: 32 hotel rooms (with 32 baths); 5 renovated apartments (3-1BR/1BA, 1-2BR/1BA, 1-3BR/1BA & 1-Manager\'sefficiency apartment w/1BA); and 3 leased commercial stores on the street level of the building. The three commercial storefronts currently include a full-service restaurant and two additional food & beverage service retail stores. In addition, the building includes an additional 1/2 bath in Guest Check-In Lobby; 3 courtesy dayrooms with showers; laundry facility; and a total of 28 parking spaces in the parking lot adjacent to & in back of the hotel. Property recently started to undergo upgrades & renovations inclusive of the apartments; new front porch; and windows are relatively new. For the experienced developer/investor, this incredible acquisition opportunity comes with tremendous upside potential associated with property stabilization and income growth tied to increased seasonal rents to become in line with market rates, plus expanding business to include Winter Rental which could quickly add an instant $100K to the bottom line. Income generating investment opportunities like this come around rarely in Ocean City. Pre-Qual & NDA required for financially qualified buyers only. Call Now!

Do you love being in the middle of all the action in Ocean City? Or maybe you\'re looking for an investment property that will have high appeal to vacationers? This is the one you\'re looking for! This new construction project, brought to you by Surfside Construction, will be ready for summer fun, beach days and boardwalk strolls by the spring of 2025. Located just one block to the beach and boardwalk, right in the center of town, you or your guests can walk or bike to everything that America\'s Greatest Family Resort has to offer. The first floor condo will feature 4 bedrooms and two full baths, along with a very spacious living area, front and rear decks, and off street parking for two cars, along with an oversized storage space in the rear of the garage. You\'ll love the Medallion kitchen cabinets and bathroom vanities, quartz countertops, upgraded appliance package, and luxury flooring options that are available to you with a very generous allowance. The garage comes pre-wired for an electric car charger for your convenience.

Available now is #419 \"Biscayne Suites\" - a top floor northwest corner 1BR, 1BA condo. Corner unit affords more square footage and an extra window in both the Living Room & the Bedroom for even more sunlight and views! The unit comes fully furnished & equipped (except wicker TV stand). Biscayne Suites has an in-house rental program that delivers consistent top dollar, hassle-free, hands off rental income (Gross income typically $28,000 - $30,000 per year) every season! A stable, well run, well funded, well equipped building in the center of town, a short block and a half to the boardwalk and beach. Rooftop pool offers gorgeous views of Ocean City, the ocean, the inlet, the Atlantic City skyline, Somers Point and the bay. This beautifully maintained condominium has it all....see it today!