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

Unmatched Investment Opportunity – Dual Hotel Portfolio in the Heart of Ocean City, NJ! Now available: a rare chance to acquire TWO established hospitality properties in one of the most coveted beach destinations on the East Coast! Located just steps from the Ocean City boardwalk and beaches, 724 Ocean Avenue and 617 E 8th Street are being offered as a combined hotel package — delivering prime location, proven cash flow, and substantial upside potential. 724 Ocean Avenue (The COVE Hotel): A classic shore hotel featuring 29 guest rooms (plus 10 additional bonus room to house staff), swimming pool, on-site parking, common living room, and on-site amenities — ideal for short-term rentals, group lodging, or seasonal stays. The Cove is newly renovated making it a turnkey opportunity. 617 E 8th Street (The BLUE WATER Inn): Just around the corner, this second hotel property adds 40 additional rentable units with a parking lot, which includes 32 hotel suites, 5 apartments and 3 currently leased commercial units, perfect for expanding occupancy and revenue. This hotel is one of the last moderately priced hotels and \"value add\" property available in Ocean City. Key Investment Highlights: • Prime boardwalk/beach-block location • Combined high-capacity lodging potential • Strong repeat guest base • Zoned for hospitality • Turnkey operation or value-add opportunity • Perfect for boutique hotel operators, group rental hosts, or portfolio investors Opportunities like this rarely come to market — own a piece of Ocean City’s thriving tourism economy with two centrally located hospitality assets that offer immediate income and long-term appreciation. Each hotel property (724 Ocean Ave & 617 E 8th St) is listed separately for sale. This offering is for your opportunity to buy as a package only while still available as a combo sale. Shown by appointment only. NDA and proof of funds required.

BEST BUY in the building with 30k gross rental history!! This very spacious full 1BR 1BA CORNER unit offers a KITCHENETTE, & 50 extra square feet of living space, an additional queen sleeper sofa for extra guests, sleep 4 adults plus children! Additional windows provide abundant natural light—all at a better value than standard units! Just 1.5 blocks from the beach & boardwalk, this fully managed, hands-free investment is perfect for effortless rental income & family vacations. The front desk handles rental calls, leases, payments, cleaning, and maintenance, ensuring seamless income generation. Amenities include a rooftop POOL & sundeck with beach & bay VIEWS, your own private BALCONY, covered PARKING, on-site LAUNDRY, ELEVATOR, vending, and ice machines—all conveniently steps from your unit. Condo fees cover: water, sewer, insurance, cable, WiFi, local phone, and common area maintenance. Owners enjoy the convenience of a completely exclusive on-site rental program for consistency and ease, with 30-day owner-usage allowed per seasonal quarter, and no confusion of outside rentals. All future booked leases & income transfer at closing to new owner! SEE ASSOC DOCS for dates rented.

Premium End Unit in Biscayne Suites – Prime Investment Opportunity Just Steps from the Boardwalk! This highly sought-after front-facing end unit offers the ultimate beach-side escape and a consistent income stream! Enjoy a spacious 1-bedroom suite featuring a private king bedroom, separate living area with a queen sleeper sofa, convenient kitchenette, and your own outdoor balcony—perfect for soaking in the sea breeze. Located in the heart of Ocean City’s boardwalk and beach district, this standout unit generated over $31,000 in gross income in 2024. Biscayne Suites’ onsite rental program handles everything—from nightly bookings to daily housekeeping and linen service—making ownership completely hassle-free. Amenities include a rooftop pool, third-floor garden deck, and assigned parking. The condo is being sold fully furnished and ready to start earning from day one. HOA fees cover WiFi, expanded cable, basic phone, water, sewer, flood & fire insurance, and common area upkeep. Owners must participate in the onsite rental program (no outside rentals), with usage capped at 30 nights per seasonal quarter per local ordinance—ensuring strong rental demand throughout the year. Whether you’re seeking a turn-key vacation spot or a high-performing investment property, this is your chance to own one of the most desirable units in Biscayne Suites. New HVAC installed July 2025 and Water Heater is only approximately one year old. Schedule your showing today—this opportunity won’t last! Please see Agent Remarks.