For Sale 705 8th, 1, Ocean City, NJ, 08226

Why Lease??? ..when you can OWN! And as they say.... LOCATION - LOCATION - LOCATION... Your entrepreneurial dream can become a reality by purchasing your own piece of coveted Ocean City real estate. This property is situated in the PERFECT place to open or expand your restaurant/bakery/food service business in the very heart of the hospitality zone. 715 E 8th Street is the ideal spot for any kind of food service(breakfast cafe/luncheonettes; unique cuisine restaurants foods; franchises; specialty donut/pastry & coffee or espresso shops; ice-cream/gelato shop; or a spot for a large take-out location, or any kind of retail). Commercial condo features approx 1,825 sq ft which includes generous sit-down service (with or without take-out service options); large commercial kitchen with existing ventilated hood; public bathroom; exterior walk-in freezer area; storage; and bonus space to support owner office/operating manager spaces. This supreme location offers incredible income potential due to the HUGE TRAFFIC AREA in America’s Greatest Family Resort at the Jersey Shore due to the numerous hotels and B&B’s that are within a 2-minute walk, successful bike rental next door, multiple Boardwalk parking lots, and not to mention the beachgoers heading down8th Street right by your business. Ocean City’s bustling shopping district is only a few short blocks away. The former tenant, OC Surf Café, was a landmark restaurant for many years before retiring, & left some FF&E behind. Seller has completely renovated the 4 upper-level residential condo units (3 units just sold & only one still available for sale) and updated the façade of the building. Fantastic business operation opportunities in an incredible Jersey Shore vacation spot like this one doesn\'t come around often, so ACT FAST! Time is of the essence on thisone...so right now, come see it today and get it under contract before it\'s gone! RARE FIND - WON\'T LAST!

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!

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!