Monihan Realty
Sign Up For Email Alerts Facebook Instagram Pinterest Google Plus YouTube
3201 Central Avenue, Ocean City NJ 08226:   (609) 399-0998
717 Battersea Road, Ocean City NJ 08226:   (609) 399-1311
Home Buy Sell Rent Ocean City New Jersey About Us About Us Contact

617 E 8th St, Ocean City, NJ - Active

For Sale: $4,250,000
MLS: 578747       Beds: 0       Baths: 37       Half Baths: 0       Type: COMMERCIAL/INDUSTRIAL

Request Information   Property Virtual Tour
PROPERTY MAP VIEW

617 E 8th St - Picture 1

617 E 8th St - Picture 0
617 E 8th St - Picture 1
617 E 8th St - Picture 2
617 E 8th St - Picture 3
617 E 8th St - Picture 4
617 E 8th St - Picture 5
617 E 8th St - Picture 6
617 E 8th St - Picture 7
617 E 8th St - Picture 8
617 E 8th St - Picture 9
617 E 8th St - Picture 10
617 E 8th St - Picture 11
617 E 8th St - Picture 12
617 E 8th St - Picture 13
617 E 8th St - Picture 14
617 E 8th St - Picture 15
617 E 8th St - Picture 16
617 E 8th St - Picture 17
617 E 8th St - Picture 18
617 E 8th St - Picture 19
617 E 8th St - Picture 20
617 E 8th St - Picture 21
617 E 8th St - Picture 22
617 E 8th St - Picture 23
617 E 8th St - Picture 24
617 E 8th St - Picture 25
617 E 8th St - Picture 26
617 E 8th St - Picture 27
617 E 8th St - Picture 28
617 E 8th St - Picture 29
617 E 8th St - Picture 30
617 E 8th St - Picture 31
617 E 8th St - Picture 32
617 E 8th St - Picture 33
617 E 8th St - Picture 34
617 E 8th St - Picture 35
617 E 8th St - Picture 36
617 E 8th St - Picture 37
617 E 8th St - Picture 38
617 E 8th St - Picture 39
617 E 8th St - Picture 40
617 E 8th St - Picture 41
617 E 8th St - Picture 42
617 E 8th St - Picture 43
617 E 8th St - Picture 44
617 E 8th St - Picture 45
617 E 8th St - Picture 46
617 E 8th St - Picture 47
617 E 8th St - Picture 48
617 E 8th St - Picture 49
617 E 8th St - Picture 50
617 E 8th St - Picture 51
617 E 8th St - Picture 52
617 E 8th St - Picture 53
617 E 8th St - Picture 54
617 E 8th St - Picture 55
617 E 8th St - Picture 56
617 E 8th St - Picture 57
617 E 8th St - Picture 58
617 E 8th St - Picture 59
617 E 8th St - Picture 60

9%+ CAP RATE!! INVESTOR'S INCOME AQUISTION OPPORTUNITY WITH TONS OF UPSIDE! The Blue Water Inn Hotel is a 39-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' x 93.05 lot just a couple blocks from Ocean City's white sand beaches and bustling World- Famous Boardwalk. The property features a total of 39 units which consists of: 32 hotel rooms (with 32 baths); 4 renovated apartments (2-1BR/1BA, 1-2BR/1BA, 1-3BR/1BA & 1-Manager's efficiency 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!
PROPERTY FEATURES & AMENITIES
  • Water Heater:Gas  
  • Basement:Crawl Space  
  • Restroom  
  • Smoke/Fire Alarm  
  • Storage  
  • Public Sewer  
Request Property Information - 617 E 8th St, Ocean City NJ
0 Bedroom(s)   |   37 Bathroom(s)   |   For Sale: $4,250,000   |   MLS Number: 578747   |   Property Type: COMMERCIAL/INDUSTRIAL
Provided by: Monihan Realty - www.monihan.com

(Information Above Will Appear At The Top Of The Email That Is Sent to Monihan Realty)
Submit
Broker ReciprocityListing Courtesy of Keller Williams Realty Jersey Shore-Ocean City.
© South Jersey Shore Regional MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional MLS. Real Estate listings held by brokerage firms other than Monihan Realty are marked with the Broker Reciprocity logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but is not guaranteed. The broker providing these listings to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. The information being provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties in which they may be interested in purchasing.
Monihan Realty - Ocean City New Jersey Real Estate and Summer Vacation Rentals
3201 Central Ave. 08226
(609) 399-0998
717 Battersea Road 08226
(609) 399-1311
HOME   |   CONTACT   |   OWNERS   |   EMAIL ALERTS   |   SITE MAP   |   ADMIN
Email Alerts Facebook Instagram Pinterest Google Plus YouTube
2 Convenient Ocean City New Jersey Locations: 3201 Central Avenue & 717 Battersea Road
BUY
- Sale Listings
- Featured Listings
- Mortgage Cal.
- CIS
SELL
- Why Monihan
- List With Us
- Market Analysis
- Recently Sold
RENT
- Vacation Rentals
- Rentals At A Glance
- Last Minute Rentals
- Let Us Help | Tips
OCEAN CITY, NJ
- Plan Your Vacation
- Beach Cams
- Weather
ABOUT US
- Meet Our Team
- Our History
- Testimonials
- Directions
© 2018 MONIHAN REALTY - ALL RIGHTS RESERVED. FEATURING OCEAN CITY NEW JERSEY REAL ESTATE AND VACATION RENTALS.
WEB SITE DESIGN BY: SQUARE 1 DESIGN | CAPE MAY